From Deseret News archives:
Sony's chairman sees no need to cut PlayStation 3 price
A price reduction by Microsoft would be evidence the Xbox 360 is falling behind in the contest for sales, Stringer said in an interview Friday at the Allen & Co. conference in Sun Valley, Idaho.
Microsoft may lower the price of the Xbox 360. Sales of the console in the U.S. lagged behind Nintendo Co.'s Wii and the PlayStation 3 in the first five months of 2008, according to NPD Group Inc., a Port Washington, N.Y.-based researcher.
"We're not considering lowering the price," Stringer said. "We don't have to be nervous about what Xbox 360 does. We're in fine shape."
The PlayStation 3, which is equipped with a Blu-ray DVD player, can be used to watch high-definition movies as well as play video games, Stringer said.
The cost of the Xbox 360 Pro model will drop $50 to $299, The Wall Street Journal said last week. The device comes with a 20-gigabyte hard drive, the newspaper said.
Microsoft, based in Redmond, Wash., fell 20 cents to close at $25.25 Friday in Nasdaq Stock Market trading. The shares have fallen 29 percent this year. Tokyo-based Sony's American depositary receipts dropped 71 cents to $40.46 and have fallen 25 percent.
Comments
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268 - Y. profs: Beck not all-knowing
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190 - TCU to play Boise in Fiesta Bowl
186 - Aggies shoot past Cougars
179 - N.Y. Senate rejects gay marriage
134 - Cougars going back to Vegas
127 - George lost in rivalry hatefest
117 - Ed Smart 'appalled' at testimony
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96
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