Seriously, I’m in the wrong profession. I can make educated guesses with the best of them, especially when there’s no accountability for being wrong. I mean, really, look at this quote today from a Wedbush Morgan analyst:
“It is possible that Sony’s cost of production for the PS3 has declined to the point that the company may consider a hardware price cut some time this summer, and we may see a price cut for the PS2 before the holidays.”
Seriously, could you have any less conviction? Sure, it’s possible that their production costs have dropped significantly. It’s also possible that I’m actually an astronaut and I’m going to the International Space Station tomorrow. I’m not, but hey, it’s possible, right?
I mean, really, these guys come up with guesses (let’s not glorify it by calling it analysis) based on reading the same gaming blogs that you and I read, and they get paid for it. I could come up with a rationale for why the PS3 could or could not get a price cut this summer, and it would probably have a lot more behind it than that. (My opinion is that we won’t see one this summer, especially now that MS has come out with the Xbox 360 Elite; if price was that much of an issue, they wouldn’t have discontinued the 20 GB model.) So why are they paying these guys big bucks to come up with opinions that are either obvious or crack-headed?
This is why I don’t play the stock market, by the way. Because these are the same guys who determine if I make or lose money on a daily basis, and that scares the hell out of me…
