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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Comments
KatsumiPosted:
lelimgur 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
TaigaAisakaPosted:
lelBDBShadowBoltDashiePinkie The price is too high.. lol
Not really, if you think about it, you have spent more on your Xbox 360 or PS3 with games and everything for it. $499 for the Xbox One is way cheaper than I originally expected.
Same here, I thought it was going to cost around 600-1000 dollars.
If it was 1k dollars, I doubt anybody would buy it
If it was a $1,000 I would go out and build a gaming PC. No console is worth $1,000.
PlusnetPosted:
imgur I don't mind the price, it works for me.
I still think it's a little too overpriced. $400 would be fair.
neboPosted:
imgur I don't mind the price, it works for me.
I mean, 100 dollars isn't a LOT anymore but it's still money
imgurPosted:
lelBDBShadowBoltDashiePinkie The price is too high.. lol
Not really, if you think about it, you have spent more on your Xbox 360 or PS3 with games and everything for it. $499 for the Xbox One is way cheaper than I originally expected.
Same here, I thought it was going to cost around 600-1000 dollars.
If it was 1k dollars, I doubt anybody would buy it
That would've been too high.
neboPosted:
BDBShadowBoltDashiePinkie The price is too high.. lol
Not really, if you think about it, you have spent more on your Xbox 360 or PS3 with games and everything for it. $499 for the Xbox One is way cheaper than I originally expected.
Same here, I thought it was going to cost around 600-1000 dollars.
If it was 1k dollars, I doubt anybody would buy it
MentalistPosted:
I'm actually quite suprised with this price, I'm fine with it. I expected way more :Dd
MentalistPosted:
ShadowBoltDashiePinkie The price is too high.. lol
Not really, if you think about it, you have spent more on your Xbox 360 or PS3 with games and everything for it. $499 for the Xbox One is way cheaper than I originally expected.
Same here, I thought it was going to cost around 600-1000 dollars.
TaigaAisakaPosted:
Pinkie The price is too high.. lol
Not really, if you think about it, you have spent more on your Xbox 360 or PS3 with games and everything for it. $499 for the Xbox One is way cheaper than I originally expected.
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