Wii U (Credit: Sarah Tew/CNET)Microsoft and Sony both have new consoles coming, so price cuts make sense on existing models. Even the Wii U might get discounted, according to Wedbush analyst Michael Pachter.
By Don Reisinger, CNET
The E3 gaming conference that kicks off later this month might turn out to be a boon for deal-seekers.
In a note to investors Monday, Wedbush analyst and long-time gaming industry evaluator Michael Pachter said that he expects Nintendo, Sony, and Microsoft all to announce console price cuts at the show. He believes that Sony and Microsoft will both cut prices on their PlayStation 3 and Xbox 360, respectively, by "at least $50." Pachter also believes that the Wii will drop to $99 -- down from the $129.99 the company is currently selling some bundles for.Read More »from Analyst: Expect sweeping console price cuts at E3