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With the 60GB PS3 stock running dry, Wedbush Morgan analyst Michael Pachter has predicted that Sony will cut the price of the 80GB model to $499 once the stock of the 60GB model is depleted, which he expects, will happen sometime before the holidays.
[blockquote2]We note that Sony recently acknowledged that it will no longer produce its 60Gb PS3," said Pachter, "and we expect the price of the 80Gb PS3 to be reduced to $499 before the holidays, maintaining a premium SKU at that price point.[/blockquote2]