PS3: Are Consumers Put Off By The Price?

Game Daily is reporting that according to the online inventory tracker NotifyWire, the supply of PS3s is actually higher than expected:

    In comparison to the Xbox 360 last year, the PS3 has been in stock more often and in more locations for longer periods of time. “Last year, at NotifyWire.com, we tracked several one thousand dollar Xbox 360 bundles which would sell out in less than two minutes after becoming available,” Drake continued. “Just today, a one thousand dollar PS3 bundle was in stock at eToys.com for over 12 hours. This sort of thing didn’t happen with the Xbox 360 until well after Christmas.”

Prices on eBay have fallen as well. Whoops. Of course this doesn’t mean you can walk in to a store and actually buy a PS3, but it does mean you can’t gouge someone on eBay quite as easily.—MEGHANN MARCO

Report: ‘Supply Glut’ for PS3? [Game Daily]

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  1. ValkRaider says:

    Yes.

    Next question?

  2. Franklin Comes Alive! says:

    I actually saw a 60GB model at Target yesterday and bought it (last one they had), thinking I could flip it for a quick profit on ebay. When I came home with it I realized the most I could realistically hope to make on it (based on the average closing price) was about $50 after ebay and paypal took their cuts, I just returned it to Target today. The girl doing my return thought I was crazy for returning one.

  3. Terrelowens says:

    I walked into our local Costco last night an saw 4 bundles on a counter up front. No one was anywhere near them and the clerk who was monitoring the counter looked bored out of his mind. $700 for the 60gb system with one (crappy) game and an extra controller so it’s not like they were out of line with the price.

    I started to pull out my cellphone to call my friends who might want one and realized suddenly that not one single person I know wants one.

  4. Plasmafire says:

    I stopped buying game stations after they surpassed $150. I stick to computer games now and have not regreted it.

  5. MrBartokomous says:

    Went to pick up a 360 last night from a Future Shop in Canada… and they mentioned they had about a dozen PS3′s in stock, with about an even mix of 20′s and 60′s… I wasn’t overly swayed.

  6. LatherRinseRepeat says:

    I decided to stop being an early adopter. I bought the first Playstation at launch for full retail price. And of course, a couple years later the price drops to almost half, and the console shrinks down to a more compact form factor. Then I bought the PS2 at launch for full retail price. And a couple years later, the price drops and the console shrinks to a super thin unit.

    So with the PS3, I’m just going to wait it out. There are plenty of PS2 games available to keep me busy. And I don’t play videogames as much as I used to, so there’s no hurry to buy the latest and greatest. However, I might pick up a Nintendo Wii next year when they start offering different colors.

  7. Judge373 says:

    I walked into an EBGames today, and they had a PS3 that had been sitting there all day, unsold. Apparently you can walk in anywhere and buy one now, and a week before Christmas too.

    Sony should probably be saying “uhoh” right about now.

  8. amazon says:

    LatherRinse: You have just hit exactly why I’m not buying a PS3 for a year or so.

  9. DeeJayQueue says:

    Yeah, I was in Best Buy a few days ago looking at DS titles and an employee came up to me and out of the blue says “We have PS3s in stock.” No Hi or Can I help you… It was like a secret password or something. I asked if they had any Wii(i?) and he said no.

    I wouldn’t pay $600 for a game system, and Sony’s implicit assumption that I would means that out of principle I won’t be buying a P(o)S3 for any price.

  10. B says:

    I think what’s hurting the PS3 sales more than the price is the desirability of the Wii and the availability and game selection of the 360.

  11. WhatThe... says:

    I do find this interesting considering the madness that occurred at launch time. I’ll take one if I get it for Christmas, but other than that I don’t want one until a price drop / when they work all the kinks out.

  12. Sony has priced themselves out of the market.

    I’m in the same boat as LatherRinseRepeat. Why pay a premium for a system at launch, when there are hardly any titles available? Especially, when Sony has a track record of releasing a newer improved model once the console is on it’s downswing.

    I’ll be buying a Wii though. After Sony’s rootkits, exploding batteries, SCEA’s stupid blocked import title list, and now their ridiculous pricepoint for the PS3, they’ve lost my business.

  13. billhelm says:

    This isn’t surprising. The thing is too dang expensive.

    Sony’s gonna end up eating it on this one.

    Put me in the camp of PS1 and PS2 owner that’s buying a Wii…

  14. AlteredBeast (blaming the OP one article at a time.) says:

    I often read Sony’s justification that you get a lot of technology for a relatively low price.

    This is true.

    But the Playstation 3 is priced too high to be part of the Playstation family. The price is too high for the majority of the huge demographic that bought up the PS2 at launch. It is as if Ford’s ’08 Taurus was only available in a $50k luxury model. Perahps the features are really worth $100k…but that doesn’t mean the same number of people who bought the previous versions of the Taurus are going to run out and buy the $50k one.

  15. coraspartan says:

    I will NEVER buy a PS3. $600 for a game system? Ridiculous. We will be buying the Wii at our house. $250 is totally reasonable for a game system that actually brings something new to the table–getting people off their butts. That is innovation!

  16. eeebee says:

    The $’s are a big factor, but the main reason is that I just dropped $400(?) on the 360 in April for my son. His Christmas gift last year was the promise of a 360 but I wasn’t going to stand in line for anything. This year he said he wanted a PS3 but I told him no, that was silly. All his friends are on the XBox Live so I know he wouldn’t use it. The other issue is saturation. We have in our house a PS2, an XBox and a 360 and don’t need any more. The PS2 gets used when dad kicks him off the big tv so he can watch football. The XBox just sits there and we’d give it away if someone wanted it but nobody does.

  17. JeffreyK says:

    What a great photo! Classic “Wanna pet the bunny’s head?”

  18. AlteredBeast (blaming the OP one article at a time.) says:

    The XBox just sits there and we’d give it away if someone wanted it but nobody does.

    Haha!

    Poor Xbox. Anyway, you could probably trade it in for $20 – $50 credit at a Gamestop, put the money toward some 360 games or accesories. Better than just collecting dust.

  19. iameleveneight says:

    I bought a Wii on launch day. I’ll buy a 360 once it drops in price or they put out a bundled version worth purchasing.

    I have absolutely no plans on buying a PS3. I barely ever used my PS2 in comparison to my Cube and Xbox and if it wasnt for guitar hero 1&2, it would probably be in a box in my closet.

    Have fun with your Neo-Geo system Sony. PS3 and blu-ray are both junk technologies and you’re about to reap what you sow with all that ego you’ve built up over the last two generations.

  20. Smoking Pope says:

    The way I look at it is that the PS3, when all is said and done, is the same thing as the PS2 with better graphics. Yeah, there’s bells and whistles, but really it’s a high def PS2 for $600.

    The Wii, on the other hand, is a departure from the standard video-game console. Something new, something different, and from all accounts, something really fun. For $250.

    As I’d rather play a fun game game than an eye-popping one, the decision to go with the Wii was easy.

  21. hoosier45678 says:

    “The XBox just sits there and we’d give it away if someone wanted it but nobody does.

    They’re still regularly pulling $100+, especially if you throw in your games, on eBay.

  22. adamondi says:

    Sony really did screw the pooch with this one. Everyone laughed at Nintendo when they said they were no longer going to be part of the graphics race. Sony laughed at Microsoft when they decided to release the XBox 360 without an HD-DVD or Blu-Ray drive. But now, Microsoft has a year lead on Sony and a much bigger installed base and game library. And they also have an add-on HD-DVD drive now. Nintendo has killer buzz and a FAR cheaper price point.

    Microsoft has beaten Sony at its own game, and Nintendo decided to go and start a completely new game with what seems to be great success so far. Sony has pulled an Atari/Sega/Neo Geo and drummed themselves out of the market.

    I personally will never pay anywhere near $600 for any console, no matter how pretty the graphics are. Especially since I could spend half that much on a sweet new graphics card for my computer and get better visuals on PC games.

  23. The Unicorn says:

    I’m totally getting a PS3 when the price drops, & I think a lot of other people are in the same boat — waiting for the inevitable increase in affordability. I also think the problems that early 360 adopters faced may be hurting the PS3 indirectly here as well; savvy consumers are going to be worried that the first run of a new system will be riddled with problems, & if you’re already not in a position to shell out $600 for a system then there’s a good incentive for waiting. Plus, as many have mentioned, there aren’t a ton of games out for the PS3 yet that would make one say, “Oh, but I HAVE to be able to play ____.”

    But unless there are PS3s sitting in a warehouse somewhere, unsold, I don’t think Sony’s in much trouble. Worst-case scenario, the price drops a bit faster because of a lack of crazy demand, but that can only be a good thing for semi-broke game enthusiasts…& once Metal Gear 4 comes out, & the next GTA (whatever it may be), & the other franchise games with major followings, I have a feeling that the PS3 will become more of a “must-have” system.

  24. Anonymous says:

    Plasmafire says:

    “I stopped buying game stations after they surpassed $150. I stick to computer games now and have not regreted it.”

    umm dude no umm “gamestation” has ever launched for less that $150. So what was the last system you bought?

  25. jacques says:

    I bought the Wii and don’t regret it. Probably because I can now play a bunch of classic games that were not so much fun to play on my normal computer with MAME.

    That said, if Sony gave a hoot about their customers, they would have shipped more out. Creating a shortage with less than a month until X-mas, forcing people to wait in lines or pay (what started at) thousands of dollars online tells you they think the customers are jackasses. To charge $60 a game for mainly sequels on top of that just kicks you while you’re down.

  26. de1phic says:

    I was actually rooting for Sony to produce something that was worth the $600 dollars. If they had been able to create a Blu-Ray player with the ability to play some truly compelling games (let’s be honest, that’s really what they wanted it to be be…Blu-Ray player first, gameplay second), I might have bit. From what I hear, the Blu-Ray player performs well, better than any other BR player on the market. But there isn’t anything truly new about the game play (yet). With the supposed extra capacity of the BR over HD-DVD, I was hoping that someone could think of innovative additions to games besides the graphics. Looks like that won’t be happening anytime soon.

    As for the Wii, I’m just not interested in it. I think it would be cool to play at a party with a bunch of friends, but when I come home from work or the gym, I’d prefer to sit on my couch and play something a little more engrossing. Maybe when my one-year-old gets three or four years older I’ll get one.

  27. velocipenguin says:

    @AlteredBeast:

    As of October, the Taurus is no longer being manufactured.

  28. houdini says:

    Here in Socorro (a small college town), the local Wal*Mart has 4 or 5 PS3s in stock. Every time I ask for someone to open the game cabinet, I have to break their hearts and tell them I’m not buying a Sony product. Maybe it’s the fact that I’m buying a $20 SP game instead of a $60 360/PS3 game or $600 console.