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PS4 and Xbox One price drop expected by 2016, predicts analyst

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Michael Pachter, analyst with Wedbush Securities, has shared new predictions concerning the short-term sales of the PS4, Xbox One and Wii U. Furthermore, Pachter has spoken on when he thinks Sony and Microsoft will officially cut the price of the PlayStation 4 and Xbox One in North America. According to a report by Hardware Pal from Dec. 30, Pachter feels the PS4 will lead this console generation by nearly 10 million units by 2016.

Over the course of the next several years, Pachter predicts that the PS4 will lead in worldwide sales with a total of 37.7 million sold by the end of 2016. Microsoft’s Xbox One will follow in a distant second place with 29 million units sold; meanwhile the Wii U will trail in third with fewer than 20 million units sold worldwide by the conclusion of 2016.

Pachter doesn’t expect Microsoft or Sony to drop hardware prices quickly this generation and predicts that the PS4 will receive its first big price drop in 2016 with a price reduction of $100 from the launch price of $399 to a more affordable $299.

Likewise, Microsoft will drop the Xbox One's price from $499 to a more competitive $349 by 2016.

Though software prices often fluctuate over the course of a generation, Pachter expects new releases will remain at $59.99 for the next several years.

In 2013, Sony Computer Entertainment sold over 2 million PS4s in a short period of time following the PS4’s Nov. launch. Microsoft also saw quick success with the Xbox One selling over a million units in North America.

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