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PS4 and Xbox One price drops, hardware sales discussed by analyst

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Michael Pachter has updated his predictions regarding the hardware sales of the PS4 and Xbox One. According to a report from Hardware Pal on Dec. 30, the analyst from Wedbush Securities believed that Sony’s new console will be the best-selling next-generation system.

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Michael Pachter expects the PS4 to sell 37.7 million units worldwide by the end of 2016 while predicting the Xbox One should have an install base of 29 million in the same time frame. He also added that the struggling Nintendo Wii U console will be under 20 million.

The analyst made the aforesaid projections based on several assumptions. He believed that the official price tag of the PS4 will drop from $399.99 to $299.99 by 2016. Furthermore, Microsoft is also expected to cut the costs of the Xbox One from $499.99 to $349.99. Finally, he assumed that the $59.99 price for software products should remain the same.

The PS4 and Xbox One are now available in North America. However, Sony’s new console launched in significantly more international regions so far when compared to Microsoft’s next-generation system. You can check out some photos of the two products in the slideshow to the left of this article.

The Nintendo Wii U, which came out in 2012, has been struggling in terms of hardware sale despite getting a one-year head start on the PS4 and Xbox One.

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