Analyst: PS4 and next-gen Xbox games will cost $70

Michael Pachter, the well-known game financial analysts who works at Wedbush Securities made a prediction this weekend at a panel at the the South by Southwest panel in Austin, Texas, that Microsoft's successor to the Xbox 360 would win the next generation console wars. Now he's also predicting that gamers will have to spend more money on their next-gen Xbox games as well as for gamesĀ made for Sony's PlayStation 4 console.

GameSpot reports that during his talk, Pachter said that games for both consoles would cost $70, which is $10 more than the current high price most PlayStation 3 and Xbox 360 retail games. The $60 price tag was $10 higher than games for the PlayStation 2 and the original Xbox.

Pachter's predictions would seem to be going against statements made by a Sony executive just after the announcement of the PlayStation 4 in February. At that time, Sony Computer Entertainment America CEO Jack Tretton claimed on CNBC that PS4 games would have a maximum price of $60. There's no information on why Pachter believes that PS4 games would be $10 higher than Tretton's limit.

As we have mentioned before, Microsoft has yet to make any official next-generation console announcements, although the consensus is that there will be an official reveal sometime next month.

Source: GameSpot | Image via Sony

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