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Analyst Claims Sony is Ripping Off Consumers with PSP Go

In an article on Joystiq, gaming analyst Michael Pachter of Wedbush Morgan is quoted as lambasting the PSP Go. “$249 is too much. Period,” he says. Sony announced the PSP Go at E3 as a redesign for the PSP. It features a sliding screen that reveals the analog stick and face buttons. It lacks the UMD drive that PSP launched with in 2005, relying on 16GB of internal memory.

Pachter goes on to note: “The $169 PSP-3000 is a profitable device — the disc assembly, for a UMD, costs more than 16 gigs of flash does. So this new device doesn’t cost them as much as the PSP-3000 and they jack the price up $80?” When pressed to answer whether Sony is taking advantage of their customers, he responds that, “They’re rippin’ off the consumer … they’re making a lot more money on the PSP Go than the PSP-3000.”

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