PS3 will be $299 in April, analyst predicts

January 17, 2009

Could the days of the $400 Playstation 3 be numbered?

So says financial analyst Michael Pachter, who predicted this week that Sony will trim the price of its cheapest Playstation 3 pack to a "more affordable" $299 in April, and that an Xbox 360 price cut will follow by June.

And the Wii? Don’t hold your breath. "We expect Nintendo to maintain Wii pricing at $249 until the company sees signs that demand is slowing, which means a price cut may not happen until late in the year, if at all," Pachter

Like any analyst, Pachter, who is employed by securities firm Wedbush-Morgan, isn’t always right, but he boasts a healthy hit rate at anticipating similar moves in the past, notably predicting PS3 and Xbox 360 price cuts in 2007. Don’t expect official confirmation from either Microsoft or Sony, though: telling your customers about price cuts four months in advance tends not to be a very common strategy.

Ailing Sony, which is tipped to be about to post its first annual loss for 14 years, could well expect a significant sales boost if Pachter’s prediction pans out. The Playstation 3 is heading into 2009 with a bumper lineup of upcoming exclusive games, including Killzone 2, Uncharted 2, God of War 3, and superhero-themed DC Universe Online, and a lower price point could well lend the console much-needed momentum.

source: http://videogames.yahoo.com/feature/ps3-will-be-299-in-april-analyst-predicts/1279759

ShopWiki

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e-bay or online buying is what’s the in thing today. almost everything can already be brought in the Internet. orders of books, clothing and electronic gadgets may be done through it. having to know this thing, i was able to help my cousin look for the best buys when it comes to appliances. she and her husband are already starting to look for a house and what’s a house without the appliances right? and so through the aid of the Internet, i helped her look for her desired items on a very reasonable price.

this must be a trouble for most of us, because it’s quite a hassle to go from an appliance shop to another appliance shop just so you can compare prices, know one’s high-ends and advantages and all sorts. so if you are someone who’s got the money to buy it all and just don’t have the time to scout, shopwiki is the answer. they specialize on kitchen appliances, like refrigerators, oven and blenders.  everything you need is in this site. they have a great number of appliance shops for you to choose from. the greater their list of appliance centers, the more better deals and savings for you.

it doesn’t hurt if you visit the site and take a good look. who knows, you might just find there what you really need!

Zimbabwe unveils $100 trillion banknote

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HARARE (AFP) – Zimbabwe unveiled a 100 trillion dollar note Friday in the latest grim measure of its staggering economic collapse, heightening the urgency of a new round of unity talks set for next week.

Veteran leader Robert Mugabe and opposition chief Morgan Tsvangirai are set to hold talks Monday with key regional leaders in a bid to salvage a four-month-old unity accord, which has yet to be implemented.

The stalemate over disputed elections last year has only fuelled the economic and humanitarian crisis that has impoverished the country, leaving nearly half the population dependent on food aid as a cholera epidemic sweeps the country.

The Reserve Bank announced in the government mouthpiece Herald newspaper a series of trillion-dollar denominations to keep pace with hyperinflation that has left the once-dynamic economy in tatters.

The new 100,000,000,000,000 Zim-dollar bill would have been worth about 300 US dollars (225 euros) at Thursday’s exchange rate on the informal market, where most currency trading now takes place, but the value of the local currency erodes dramatically every day.

source: http://news.yahoo.com/s/afp/20090116/ts_afp/zimbabweeconomycurrency_20090116125326

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