Initial extreme profitability of platform and its relative openness to developers spurred massive competition. The newness (e.g. PS2 Games on release vs 5 years

Initial extreme profitability of platform and its relative openness to developers spurred massive competition. The newness (e.g. PS2 Games on release vs 5 years later) no doubt contributed to a bias towards competition by price instead of differentiation. Now prices are anchored near $1 for the most part. http://en.wikipedia.org/wiki/Anchoring http://en.wikipedia.org/wiki/Anchoring