Gamers have it tough money wise. We spend thousands, if not tens of thousands on consoles, games, CPU's, console add-ons, cooling systems, blah blah blah. My passion for gaming, as well as the other 9 billion gamers world wide, has sometimes left me eating Raman Noodles for weeks straight (college was rough) and sacrificing the occasional "night out" with the Misses. Money is tighter than ever with the market the way it is and I don't even want to talk about the gasoline epidemic hitting us. So, when I see a story such as the one I'm about to uncover I cant help but be excited, ecstatic and even a little giddy.
Industry Analysts have now speculated that we might see price cuts for for the Xbox 360 as well as the Playstation 3 come this Christmas. Games Radar reports, "Wedbush Morgan analyst Michael Pachter expects both the Xbox 360 and PS3 to shed $50 for the holiday shopping season, according to reports on his speech at the Electronic Gaming Summit."
Reports from Kotaku.com said that Pachter also stated that even with the price 
drops it would still be difficult to match last year's Christmas sales numbers.
"While Pachter is reported as expecting 19% industry growth in the US and 20% in Europe this year, that number will dip to 16% and 18% respectively in the following year unless each console drops another $100 off its price tag." -GamesRadar-
In another statement spewed by Pachter, He believes that industry growth will become stagnent by 2011, unless a new console is released. My opnion? Stick to the stats Mr. Pachter, we'll take care of the money side of things.
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