3 ms·
When it comes to console pricing, there is no such thing as "first-mover" advantage. In fact, it's much more advantageous to be the _last_ company to price your
by sbuccini 6y ago
When it comes to console pricing, there is no such thing as "first-mover" advantage. In fact, it's much more advantageous to be the _last_ company to price your console.
I wrote a bit about the dynamics here: https://www.stevenbuccini.com/console-wars https://www.stevenbuccini.com/console-wars
but I would also recommend playing MIT's simulator to develop an intuitive feel for the forces at play: https://mitsloan.mit.edu/LearningEdge/simulations/platform-wars/Pages/default.aspx https://mitsloan.mit.edu/LearningEdge/simulations/platform-w...
- pansa2 6y agoYes. There’s a reason both companies kept their prices secret until so close to release, and we heard nothing until a leak forced Microsoft’s hand.
- cutety 6y agoMy favorite “console wars” story that I came across a while back, and is relevant to pricing advantage, is when Sony more-or-less immediately killed the Sega Saturn before it’s US release. Right after Sega’s E3 presentation announcing the Saturn, US release date, and it’s $399 price tag, it was Sony’s turn. The guy from Sony walked up to the mic, said “$299”, and walked off stage. [1] [1] https://youtu.be/ExaAYIKsDBI https://youtu.be/ExaAYIKsDBI