Bold Prediction: 64 Percent PS3 Price Drop after PS4 Announcement

DealNews, a web site dedicated to bringing you all the latest news on all the hottest items past and present makes a pretty bold prediction: After Sony makes its big announcement (it is presumed) about the PlayStation 4, the PlayStation 3 will see a price drop of 64 percent at retail. They base this price drop percentage on historical retail data for the PS3 versus the PS2 and the Wii U versus the Wii. Here is the crux of the argument:

"The PS3 was officially announced by Sony at E3 in May of 2005. Prior to its announcement, deals for the PlayStation 2 had been averaging $160. After the PS3's announcement, the PS2 dropped to an all-time low of $129, or 56% off its full retail price. At the time, that price was unheard of for the PS2.

Fast forward to the PS3's actual release to customers in November of 2006, and the PS2 dropped in price again; this time it fell to a new all-time low of $116, or 61% off the full retail price."

DealNews also notes a similar trend with the Wii after the Wii U:

"In a similar fashion, we found a Nintendo Wii deal that dropped to an all-time low of $89 (64% off full retail price) a week after the Wii U's debut last November. To this day that remains the best deal we've seen for a new Nintendo Wii console."

They also predict a price drop on the PlayStation 4 two months after release.

You can read the entire article here. It's certainly food for thought.

Chart via DealNews.

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