PS2 slashed to $199
05-14-2002 | 01:12 PM
#1
Thread Starter
Registered User
Joined: Feb 2002
Posts: 30
From: Flushing, NY
PS2 slashed to $199
I'm buying a PS2. Prices will be slashed to $199!!!
http://1010wins.com/money/StoryFolde..._34501165_html
Playstation Prices Slashed!
May 14, 2002 2:11 pm US/Eastern
TOKYO (AP) — Underlining its faith in the
video-game business as an engine for
growth, Sony Corp. slashed the price of
the PlayStation 2 console in the United
States Tuesday to $199, underpricing its
biggest rival, Microsoft Corp.'s Xbox, by
$100.
The price cut was part of a business plan
outlined Tuesday by the Tokyo electronics
and entertainment giant. Sony's
PlayStation 2, which has now sold more
than 30 million worldwide, had been selling
in the United States for $299, the same as the Xbox.
Under a strategy for the fiscal year that began last month, Sony
hopes to turn around its sluggish electronics sector by connecting
more products with its game and entertainment businesses as people
increasingly use gadgets as network-linking tools.
Sony set up a new company called Network Application and Content
Service Sector that will work as a bridge over its three ``core''
businesses — electronics, games and entertainment.
The new company will work on creating strategic links in services
that bring the three areas together and come up with new services
and products for what Sony envisions as the ``broadband network
society'' — homes filled with Sony gadgets such as TVs, mobile
phones and personal computers that link not only with each other
but also to the Internet.
To pull it off, Sony is banking on its movies, encouraged by the
refreshing box-office success of ``Spider-Man'' after years of
putting out flops. The film has received positive reviews since it
started showing earlier this month and is virtually assured of
becoming one of the top-grossing movies ever.
``It's been 'Spider-Man' everywhere,'' chief executive Nobuyuki Idei
said at a news conference at a Tokyo hotel. ``Our aim is to have
Sony recognized as a company with three core sectors —
electronics, games and content.''
If all works out as Sony hopes, people will be using Vaio computers
to link up gadgets to download music by Sony performers such as
Jennifer Lopez, view previews for Sony films on Sony mobile phones
and watching Sony Pictures DVDs on huge Sony ``home theater''
TVs.
PlayStation 2 will be a key Net-linking machine as online games and
other downloads become available later this year in Japan, Sony
said. Sony has not said when such services for the PlayStation 2 will
be available in the United States.
Ken Kutaragi, president of Sony Computer Entertainment said
PlayStation 2 controls 82 percent of the market, soundly beating its
rivals, the Xbox and Nintendo's GameCube.
Microsoft has said 1.5 million Xbox consoles have been sold and it
plans to ship 3.5 million or 4 million by June. Microsoft recently
lowered the price of the Xbox by about a third in Europe but has
kept its price in Japan and the United States unchanged. Xbox sells
for $270 in Japan.
``There are no plans now to lower the Xbox price. But as a
strategy, lower prices are always a possibility,'' said Midori
Takahashi, Microsoft spokeswoman in Tokyo.
Nintendo, which makes the Mario and Pokemon games, also denied
any plans to cut prices. ``No chance at all,'' said Yasuhiro
Minagawa, Nintendo spokesman in Kyoto.
Game Cube, which went on sale in the United States in November,
sells for $199 and has sold about 4 million worldwide so far.
Sony officials acknowledged the company went through hard times in
the fiscal year that ended in March because of the global electronics
slump. But the worst is over, they said, as Sony moves forward in a
new stage in the broadband era developing over the next few years.
At a time when other major Japanese electronics makers posted
huge losses, Sony came out fairly unscathed, aided by its
video-game and entertainment businesses. For fiscal 2001, Sony
posted a net income of 15.3 billion yen ($119 million), down 9
percent from the previous year.
http://1010wins.com/money/StoryFolde..._34501165_html
Playstation Prices Slashed!
May 14, 2002 2:11 pm US/Eastern
TOKYO (AP) — Underlining its faith in the
video-game business as an engine for
growth, Sony Corp. slashed the price of
the PlayStation 2 console in the United
States Tuesday to $199, underpricing its
biggest rival, Microsoft Corp.'s Xbox, by
$100.
The price cut was part of a business plan
outlined Tuesday by the Tokyo electronics
and entertainment giant. Sony's
PlayStation 2, which has now sold more
than 30 million worldwide, had been selling
in the United States for $299, the same as the Xbox.
Under a strategy for the fiscal year that began last month, Sony
hopes to turn around its sluggish electronics sector by connecting
more products with its game and entertainment businesses as people
increasingly use gadgets as network-linking tools.
Sony set up a new company called Network Application and Content
Service Sector that will work as a bridge over its three ``core''
businesses — electronics, games and entertainment.
The new company will work on creating strategic links in services
that bring the three areas together and come up with new services
and products for what Sony envisions as the ``broadband network
society'' — homes filled with Sony gadgets such as TVs, mobile
phones and personal computers that link not only with each other
but also to the Internet.
To pull it off, Sony is banking on its movies, encouraged by the
refreshing box-office success of ``Spider-Man'' after years of
putting out flops. The film has received positive reviews since it
started showing earlier this month and is virtually assured of
becoming one of the top-grossing movies ever.
``It's been 'Spider-Man' everywhere,'' chief executive Nobuyuki Idei
said at a news conference at a Tokyo hotel. ``Our aim is to have
Sony recognized as a company with three core sectors —
electronics, games and content.''
If all works out as Sony hopes, people will be using Vaio computers
to link up gadgets to download music by Sony performers such as
Jennifer Lopez, view previews for Sony films on Sony mobile phones
and watching Sony Pictures DVDs on huge Sony ``home theater''
TVs.
PlayStation 2 will be a key Net-linking machine as online games and
other downloads become available later this year in Japan, Sony
said. Sony has not said when such services for the PlayStation 2 will
be available in the United States.
Ken Kutaragi, president of Sony Computer Entertainment said
PlayStation 2 controls 82 percent of the market, soundly beating its
rivals, the Xbox and Nintendo's GameCube.
Microsoft has said 1.5 million Xbox consoles have been sold and it
plans to ship 3.5 million or 4 million by June. Microsoft recently
lowered the price of the Xbox by about a third in Europe but has
kept its price in Japan and the United States unchanged. Xbox sells
for $270 in Japan.
``There are no plans now to lower the Xbox price. But as a
strategy, lower prices are always a possibility,'' said Midori
Takahashi, Microsoft spokeswoman in Tokyo.
Nintendo, which makes the Mario and Pokemon games, also denied
any plans to cut prices. ``No chance at all,'' said Yasuhiro
Minagawa, Nintendo spokesman in Kyoto.
Game Cube, which went on sale in the United States in November,
sells for $199 and has sold about 4 million worldwide so far.
Sony officials acknowledged the company went through hard times in
the fiscal year that ended in March because of the global electronics
slump. But the worst is over, they said, as Sony moves forward in a
new stage in the broadband era developing over the next few years.
At a time when other major Japanese electronics makers posted
huge losses, Sony came out fairly unscathed, aided by its
video-game and entertainment businesses. For fiscal 2001, Sony
posted a net income of 15.3 billion yen ($119 million), down 9
percent from the previous year.
05-14-2002 | 02:03 PM
#2
Registered User
Joined: Feb 2002
Posts: 12
if you would have searched at .net...... 
seriously, they were rumored to do it to keep in line with XBox's planned cuts shortly, but I guess Sony decided to up the ante by doing it first and cutting any momentum that XBox would of had...
seriously, they were rumored to do it to keep in line with XBox's planned cuts shortly, but I guess Sony decided to up the ante by doing it first and cutting any momentum that XBox would of had...
insane!
Thread
Thread Starter
Forum
Replies
Last Post
Chris@AMS
'For Sale' Engine / Power and Drivetrain
10
07-20-2007 01:09 PM
MarvynDT
Private For Sale / Wanted
1
10-31-2002 09:49 AM