 It looks like the rumor is true, PS3 is getting a price cut! PS3 Fanboy has received some reports from around the nation that PS3s have been sold for $499 today. Here's a rundown of the findings from around the country:
1. A reader confirmed to PS3 Fanboy that he was able to buy a PS3 for $499 at a Target in an unspecified location. The site called up the store and they CONFIRMED that the console is listed as $499 in their computer.
2. Two units were sold in an undisclosed Circuit City location for $499.
3. A Rancho Cucamonga, California Target location has the PS3 listed for $499 in their system.
Also, the piece at PS3 Fanboy has been picked up by Digg and one commenter there has stated that he got one from a Target location for $499.
Another article at Kotaku has even more confirmation of a price cut, with Target stores in Bend, Oregon and Beavercreek, Ohio both confirming that the console is $499. However, they also mention that stores in Los Angeles and West Hollywood, CA, Dayton, OH, Orlando, FL, and Littleton, CO have the system for $599. In other words, this price cut is not Target-wide yet, it's just a few renegade stores breaking the rules and implementing the new price before the "official price cut day".
Kotaku commenter SPIKE1856 offers some insight on Target's price change policy:
"I can tell you why some Target stores have the price cut in place and others do not--Target's price change day for the Electronics department is Monday. If a store's price change team gets ahead of pace, they have the ability to start early on the next day's workload. Since Saturday and Sunday are not price change days, this means that Monday's price changes can be activated on Friday, effectively three days early. The price change team at my store, sadly, is definitely not ahead of pace at the moment and so our PS3's are still priced at $599.99."
Could the price effect be taking effect as you read this? Is it real? Am I dreaming? I don't know, but this whole situation is very intriguing. Tomorrow, I plan on doing some investigative journalism (and buying some DVD-R discs) and seeing if the local stores have the PS3 marked down in their systems.
However, when all is said and done, this is the second worst kept secret of the year, next to the Xbox 360 Elite. I bet Sony is wishing they could be more like Paramount Pictures and the trailer for that new J.J. Abrams movie. Seriously, go to that link, it's incredible.
UPDATE:
I went to the local Target in Mankato, Minnesota, and here's what I saw under the PS3s they had...
Sorry for the crappy camera phone photo, it's all I had at the time.
PS3 is now Four Hundred and Ninety Nine US dollars...
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