GameStop says it would like to see Xbox 360, PlayStation 3 price cuts

GameStop would like to see the Microsoft Xbox 360 and Sony PlayStation 3 game consoles receive a price cut.

Published Sun, Nov 23 2014 3:25 PM CST   |   Updated Tue, Nov 3 2020 12:13 PM CST

Retailer GameStop wouldn't mind seeing the aging Microsoft Xbox 360 and Sony PlayStation 3 game consoles receive a price cut, as gamers largely choose the next-generation Xbox One and PlayStation 4 consoles. Analysts believe both manufacturers should slash prices on both platforms, but nothing has been promised.

GameStop says it would like to see Xbox 360, PlayStation 3 price cuts | TweakTown.com

However, even with no price cuts imminent, GameStop doesn't believe Xbox 360 and PS3 hardware and software sales to simply drop completely off a cliff.

"We think it would be excellent and definitely would increase the sell-through rate on the old-generation consoles," said Tony Bartel, GameStop President. "We definitely think that would help. Year to date in the US, Xbox 360 and PS3 software and hardware are down 57.8 percent on a dollar basis. That's clearly significantly more than we anticipated at the beginning of the year."

An experienced tech journalist and marketing specialist, Michael joins TweakTown looking to cover everything from consumer electronics to enterprise cloud technology. A former Staff Writer at DailyTech, Michael is now the West Coast News Editor and will contribute news stories on a daily basis. In addition to contributing here, Michael also runs his own tech blog, AlamedaTech.com, while he looks to remain busy in the tech world.

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