360, PS3 price cuts at E3? Pachter thinks so

Wedbush Securities analyst Michael Pachter has revealed predictions for price cuts for both Microsoft’s Xbox 360 and Sony’s PlayStation 3 at this year’s E3 in June.

“Recent slowing of Xbox 360 hardware sales could cause Microsoft to consider a price cut by E3. We do not expect an announcement of a next- generation console from Microsoft until the Xbox 360 core model is priced below $200, likely around this time next year,”┬áPachter stated in his March NPD report.

“PS3 hardware sales should continue to lag those of the Xbox 360, and we expect sales to trend downward by 10 – 20% monthly, until Sony cuts prices once again, likely at E3.”

Sony’s last PS3 price cut was at Gamescom last year. Could the company really follow up with another cut less than a year later?