Thanks to an anonymous reader for pointing to a Reuters/Yahoo story discussing software sales growth and possible console hardware price cuts for the US
. Tony Gikas, a gaming sector financial analyst, saw strong short-term sales prospects for companies such as EA, Activision, and Take Two, and "said he expected software sales growth for the industry of 12 percent each in 2003 and 2004."
Interestingly, Gikas is also quoted as saying "(The recent) hardware price cut to $179 is working and (there will be) more to follow before year-end."
How low can prices go before a new generation of console hardware kicks in?