Wedbush Morgan analyst Michael Pachter is at it again, predicting that Sony will cut the price of the PlayStation 3 early next year, in time for when Grand Theft Auto IV and big names like Metal Gear Solid 4 debut.

We do expect Sony to be in a position to cut the price of the PS3 in early 2008, when blockbuster games Grand Theft Auto IV and PS3 exclusive Metal Gear Solid 4 will launch,” he offered

Pachter also thinks Sony may once again cut the price of the PS2 this year, before the holidays to be exact. Both predictions are not that far fetched… but as always with analysts, let’s wait and see.

Sony to cut PS3 price for GTA IV release – Pachter [GI.biz]

Read more: Metal Gear Solid 4 To Hit This Holiday Season?, Pachter: Wii Momentum Will Last Until PS3 Is Under $300, Pachter: $499 80GB PS3 Before Xmas, Metal Gear Solid: The Essential Collection Confirmed, Metal Gear Solid 4 To Include Online Starter Pack