Wii Still Scarce; Price of PS3, 360 Likely to Fall: GameStop
Exec makes predictions on top devices
By Jonas Oransky,  Newser Staff
Posted Mar 20, 2008 4:10 PM CDT
GameStop customers rode the streets of NYC with Tiger Woods on this double decker bus to an exclusive trick shot show featuring the pro golfer (Photo   (AP Photo)
camera-icon View 3 more images

(Newser) – GameStop execs say they expect to be short on Wii consoles for the next two quarters and that $50 price drops are likely for the Xbox 360 and PS3. PSP shortfalls are also anticipated, but the PS3 should be well-stocked. The company’s CFO said several hardware prices cut were likely, Kotaku reports.

In addition to the chops for the Xbox 360 and PS3, David Carlson say a $30 chop for the PS2 was also likely; he stressed he was only making predictions, and had no direct knowledge. As to the impact of recession on the gaming industry, he said if there was any, it would likely be positive—noting that in downturns, like after September 11th, “consumers travel less and stay at home more.”