PS3 Super Slim 06

Wedbush analyst Michael Pachter believes Sony will be dropping the price of the Playstation 3 imminently.

Patcher believes the Playstation 3’s price will drop to $199. Sony is scheduled to reveal the Playstation 4 this week, and Pachter believes Sony will likely announce a price drop for the Playstation 3 then or shortly after. He believes the price drop is a likely move to keep stimulating sales of the current hardware.

Speaking to GamesIndustry International, Pachter  also stated that he reckons Microsoft will probably match that price on Xbox 360 by this year’s E3.