Analyst Michael Pachter says the PlayStation 4 is likely to receive a price cut soon and doubts that the PS4 will beat out the overall sales of the best-selling PS2.

Sony has dropped the price of its PlayStation 4 console in the U.S. by $50 to $349, bringing it in line with the price of the Xbox One in time for the holiday season.

Now that it is clear that Sony could easily deliver a PS4 price drop in 2015, here are five things you need to know about the rumor. Keep in mind there are also reasons a PS4 price cut isn’t likely.

The PS4's $400 price point versus Microsoft's $500 Xbox One (preorder) is a huge win for Sony -- and, funnily enough, the exact reverse of the Xbox 360 ($400) and PS3 ($500).

That's no longer true in Japan, where Sony announced this morning that the PS4 is coming down from its launch price of ¥39,980 to ¥34,980 on October 1. Even before the price drop, a weak ...