Sony is under much pressure from analysts as well as the gaming public to cut the PlayStation Vita’s price in order to compete with Nintendo’s 3DS as well as the expanding mobile gaming market. Even at a stunning $250 price point, many gamers believe that the next-generation portable gaming system is still too expensive.

Nintendo cut its 3DS gaming system’s price to a low $169.99 a few months after its release. It seems the mobile gaming market is getting more and more competitive with Andriod- and iOS-handhelds selling more games at cheaper price points.

Bloomberg reported that Ace Securities analyst Hideki Yasuda believes that if Sony does not drop the price of its upcoming PS Vita, it could result in failure for the system.

 “Gamers are increasingly anticipating Sony to lower prices, especially after the 3DS cut; Sony is under major pressure to cut the price of the Vita or risk a major failure.” 

Despite all that, The Chairman of Sony Computer Entertainment Kaz Hirai stated last week that the PlayStation Vita will stay its course and will not drop lower its price point.

DISCUSS:

Do you think Sony should initiate a PS Vita price cut in order to compete with the Nintendo 3DS and the broader mobile gaming market?

[Via Bloomberg]