Playstation Sony Says No Price Drop for PS3 Anytime Soon

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British website MCV quotes SCEA's Jack Tretton poo pooing the notion of a price drop similar to what the PS2 experienced less than two years after its launch:

When asked by US magazine Game Informer whether Sony
would cut the price of PS3 as soon as they did after the PS2’s launch, Tretton replied: “No… There’s a heck of a lot more under the hood and it costs us more money to make it.” He added that “it will be a lot more difficult” to reduce the recommended price of PS3.

The PS2 first launched in the US in October 2000 at a price point of $299. Its price was reduced by $100 by Sony in May 2002, which, according to Tretton, means that the first PS3 price drop won’t arrive until late summer 2008 at the earliest.
The rest of the article (which actually quotes from Game Informer) can be found here.

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