You could be paying less for console games soon.
Recent data trends… indicate that initial MSRPs are declining on both the Xbox 360 and PS3 as the amount of games priced under $59.99 has increased 66% over last year, while the entire quantity of games only increased 44%…
As the Xbox 360 and the PS3 hardware continue to decline in price, more non-traditional, casual, family, and price sensitive gamers… will likely adopt these systems, which will increase the demand for cheaper titles. In fact, if we look at upcoming releases in February and March, the average initial MSRP for games on the Xbox 360 is $53, much lower than the average initial MSRP.
The fierce competition for scarce retail shelf space is also a factor in declining prices, writes Divnich.