Manf.----Console-----Launch---Sales----Original price
Sony---PlayStation-----1994---102.49*-----$300
Nintendo-----NES -----1985-----61.9*------$200
Nintendo-----SNES-----1991----49.1*-------$200
Atari--Atari 2600-------1977-----40*--------$200
Nintendo--N64---------1996-----32.93*-----$200
Sega---Genesis--------1988-----29*--------$190
Sega---Mega Sys.-----1986-----13*--------$200
Sega---Saturn---------1994-----10*--------$400
Sega---Mega CD-------1991-----6*---------$400
Sanyo,etc----3DO-----1993------6*---------$700
SNK---Neo-geo--------1990------1*---------$650
Philips--CD-i-----------1991-----567**------$700
*millions
** thousand
Notice a semi-constant trend? Usually the higher the price, the less it sells. Now this isn't a conclusive list, but it includes some of the more popular consoles (NOTE: I didn't include this gen or last gen consoles because they are still being manufactured and sold)
For a better comparison visit this site to get a broader perspective on console prices then and now: (I cannot attest to the accuracy of the relative prices)
http://curmudgeongamer.com/2006/05/h...-500-aint.html
One will notice that the pricier consoles (i.e. CD-i $400, 3DO $700, and NEO GEO $650) did not fair as well as their competition. However, if you look at their relative price, what they would cost today, they exceed the price of the PS3. So there is room for speculation....
Personally, I think the PS3 will outsell the 360, but it will take some time... maybe by early 2009. But I also think that its $600 price tag forms a sort of psychological hurdle in the mind of the consumer, because it exceeds $500, making it closer to 1K. Plus we've all been taught to round up after five. However, from previous console sales and their relative cost it seems that the sweet spot for console prices is between $300-450.
-Sorry for the screwed up chart, but if any of my figures are off, please let me know