Analysts say consumers can expect to pay $400 for the upcoming PS4 and Xbox 720 gaming consoles. Expectations are high for the release of the next generation of video game consoles from Sony and Microsoft.
One analyst from Baird Equity Research believes that the consoles will make an appearance at this year’s E3 and may display many high-end PC components, but at a low-end price of $400.
“Given the fragile state of the console game market, we expect the E3 trade show in June will take on added significance, most likely providing the industry with the first public opportunity to examine next-generation hardware,” says analyst Colin Sebastian. “The cost of production and retail price points should be lower than prior console launches.”
When the PS3 released back in 2006 consumers were paying anywhere between $500-$600 for a new console. Analyst expect 2013 to be the year that tablet games go mainstream in the console world.
