According to Wedbush Morgan Securities, Sony may intentionally delay the release of the PlayStation 3 until 2007 and drop the price of the PS2 to $99 as to disrupt the launch of Microsoft’s Xbox 360:
In a research memo sent to investors, Wedbush senior analyst Michael Pachter set up the following scene for a delayed PS3 launch. It starts with the current-generation Xbox being priced down to $99 post-Xbox 360 launch, but no lower. Concurrent with that situation–an Xbox 360 at an unspecified price and the Xbox at $99–Sony would drop the price of the PlayStation 2 to $99.
Analyst: Sony could wait till ’07 to launch PS3
Published in: Games Consoles on 2005-08-03