Oooooh this looks interesting. Michael Pachter is back with yet another bold prediction. This time, he's expecting a price cut for the PS3 by April, even after David Reeves gave it an authoritative "absolutely not" last December.

Pachter still sees Nintendo dominating, forecasting 2.6 million DSs sold, and the Wii continuing its casual gaming success. Overall, Pachter believes that hardware unit sell-through will be up 13% to 9.15 million, while software sales will go up 10% to US$ 2.625 billion.

He expects the PS3 to take a price cut by April, since its failure to keep up in the sales race is due to its rather heavy price tag. Microsoft, however, can do the same to maintain its lead. "Once the PS3 is at a more affordable price point (we expect a cut to $299 in April), we think that sales of that device will once again begin to grow. We expect another cut in price for the Xbox 360, with the feature-laden Pro model likely to come down in price to $249 at or before this year's E3 show in June," he said.

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Here's what David Reeves said last month:

• Sony: we're leading in Europe, no price cuts next Spring