PS4 to Debut Below $400 Predicts Analyst

Sterne Agee analyst, Arvind Bhatia, said in a note to investors that the PS4 will debut below $400 later on this year.

He strongly believes this due to the negative impact that the PS3 launch has caused Sony having been launched at the extremely high price of $400.

Bhatia said “Given that experience, we believe Sony will aim to keep the price point for PlayStation 4 below $400.”

When asked about Nintendo’s showing at E3 next week, Bhatia said though the company is in a “tough spot” and expectations are low, it is very unwise to bet against the Mario maker.

“Never write-off Nintendo,” he said, noting the company has the potential to surprise gamers.

What are your thoughts?