Price Cuts On All Consoles?

In a report from Reuters.com statements have been made that we may see price cuts in game consoles across the board due to the high price of everything else, lets all hope this pans out to be true.

During the (Reuters) interview with Research Chief Executive Bobby Kotick made these statement on the subject: "With the rising costs of fuel and food and housing, it is more difficult to go out and buy a $399 console, and I think it's going to put pressure on the console manufacturers to reduce their prices," Bobby went on to say he was concerned that rival Electronic Arts Inc's $2 billion takeover bid for Take-Two Interactive Software Inc will give EA too much power in sports games.

"That's concerning, sure. When you think about one company in control of the sports category, with no competition from anybody else, that could be a challenge."

I can see what he is getting at with that one as you can tell with yesterdays post on Madden 09, i feel if EA takes over all sports games it would end like the Madden franchise Ware the lack of competition will result in a lack of need for innovation.

News-Source: reuters.com