Xbox One at $499: “the price is too high”, says economist
Mohammed has worked as a pricing analyst for some 21 years and is author of a book called The Art of Pricing. If there’s one thing he appears to know, it’s how to price a product successfully.
Speaking with Bloomberg TV, Mohammed said of Xbox One, “You want to get that console in consumers’ hands, and then where you really make the money is off of the games.
“So it was really surprising that they charged such a premium, especially when they had a lot of negatives…like the very restrictive DRM, which they did retract from. One of the key things is that they really listened to their consumers and they did backtrack and they reduced the price, but I still think the price is too high. So it’s still a $100 premium.”
Despite the $499 asking price, Microsoft’s Don Mattrick has recently suggested that Xbox One over-delivers on value, and offers thousands of dollars worth of content and features. We’re still not sure what ‘over-delivering on value’ means exactly.
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Related Forum: Xbox Forum
Source: http://www.vg247.com/2013/06/24/xbox-one-at-499-the-price-is-too-high-says-economist/
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TitaniumPosted:
The price is most definitely to high. Microsoft needs to set the price to what the buying audience can afford.
SCOPosted:
Whirldisclosed I think it's dumb how the xbone is making you buy the Kinect, if they just allow you to buy it without the Kinect, they could cut the price and everyone would win.
yeah but Microsoft is all about how much many it can make, Not how much money they can save their customers
Well every company needs to make some money...
DiffucultPosted:
disclosed I think it's dumb how the xbone is making you buy the Kinect, if they just allow you to buy it without the Kinect, they could cut the price and everyone would win.
Yeah , Also like "Whirl" Said it's all about the Money to them , Yeah it's really True! Realy True
WeaksaucePosted:
disclosed I think it's dumb how the xbone is making you buy the Kinect, if they just allow you to buy it without the Kinect, they could cut the price and everyone would win.
yeah but Microsoft is all about how much many it can make, Not how much money they can save their customers
ImNotPhlegmAnymoreOKPosted:
I think it's dumb how the xbone is making you buy the Kinect, if they just allow you to buy it without the Kinect, they could cut the price and everyone would win.
TaigaAisakaPosted:
Pudable @Monster-Munch ikr and im gonna get it at xmas to!!
Think about it like this, they could have put the price up another $100 and I guarantee people would still buy it no problem. I was honestly thinking the Xbox One and PS4 was going to be around $600.
neboPosted:
Katsumilelimgur I don't mind the price, it works for me.
I mean, 100 dollars isn't a LOT anymore but it's still money
It still matters yet it's not enough to put someone off buying a console in my opinion
Yeah that's what I'm trying to say. I'm not getting either because my PC gets next gen games as well
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