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
EvoVIIIPosted:
Aggie Thank you economist. Maybe this will bring some sense into Microsoft.
Yah Maybe But More Than Likely Not. :(
MentalistPosted:
_RarityCL4PTRAP_Rarity I also agree the Kinect does make it more expensive
Who even needs a kinect, just a waste to be honest.
I know unless they like the more Kinect fitted games
I dont even want the Kinect, like 90% of the people buying the XboxOne.
MTDPosted:
I do agree with everyone saying it would cost less without the kinect but honestly Microsoft has it a high price because they want to make money.
_RarityPosted:
CL4PTRAP_Rarity I also agree the Kinect does make it more expensive
Who even needs a kinect, just a waste to be honest.
I know unless they like the more Kinect fitted games
BossHaugPosted:
"the price is too high," says economist.
And everyone else that has their eyes on the new xbox.
I feel like Bloomberg TV could have saved some money and just made a post on TTG asking how everyone felt about it. Would have gotten the same answer.
And everyone else that has their eyes on the new xbox.
I feel like Bloomberg TV could have saved some money and just made a post on TTG asking how everyone felt about it. Would have gotten the same answer.
LichPosted:
_Rarity I also agree the Kinect does make it more expensive
Who even needs a kinect, just a waste to be honest.
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