Merril Lynch estimates $399 PS3 pricetag. $494 to produce.

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On the other hand, our PSP had cost 25,000 yen ($229). But people lined up overnight to buy it, and it sold out on the day of its launch. It all depends on whether people want it. Of course, I'm confident that the PS3 is a product that people will definitely want."

Yeah and look at where it is now compared to NDS. It has only managed to sell half the numbers as the NDS while being released at the same time. Going by this trend PS3 which is releasing after X360 at a higher price doesn't look too good at all.
 
PC-Engine said:
It has only managed to sell half the numbers as the NDS while being released at the same time.

The DS launched in NA on November 21, Japan on December 2 and Europe on March 11. The PSP launched in Japan on December 12, NA on March 24 and is still MIA in Europe.
 
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