The electronics giant feels that consumers aren't giving enough credit to the PS3's Blu-ray capability. According to a report in the Financial Times, Sony intends to increase its efforts to communicate to the gaming set that Blu-ray is cool and should be valued accordingly. The report stated that Kazuo Hirai, the CEO of Sony Computer Entertainment, will be working with Sony Pictures and Sony Entertainment to highlight this feature.
What Sony is basically telling the consumer is this: Sure, you'll be throwing down enough money to open a mutual fund account when you buy a PS3. But besides the incredible graphics and hardcore gameplay, you can also watch your favorite films on the exciting new Blu-ray format!
That's all well and good, but price resistance is a pretty steep obstacle to overcome. The PS3 will set you back $500; an Xbox 360 package with a hard drive costs $349, while the lovable Wii is only $250.
Unfortunately for Sony, I'm not sure that leveraging Blu-ray will do much of anything. It may appeal to some, but the best weapon the company could employ right now is a further reduction in the console's cost. I'm not against highlighting the Blu-ray capability -- it is a selling point, to be sure, and it does explain the unit's high price tag. But at this point, I'd support a price cut more than anything else.
Granted, it would be difficult for Sony to do another one right away; after all, the conglomerate already enacted some relief not long ago. Sure, Sony, promote the Blu-ray capability, and use the release of Marvel Entertainment's
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Fool contributor Steven Mallas owns shares of Marvel Entertainment and Nintendo. As of this writing, he was ranked 14,007 out of more than 65,000 investors in the CAPS system. Don't know what CAPS is? Check it out. The Fool's disclosure policy wonders what happened to Betamax.