Too add to the example above, Nintendo 3DS. At launch it was priced way too high. I seem to recall Nintendo admitting that they priced it that high cuz they thought they could get away with it. They were wrong. Most weren't touching the thing. Then they lowered the price to something that was closer to what it probably should've been to begin with, and then it finally started moving serious units. The buying masses are not the brightest bunch, but even they can be pushed too far when it comes to pricing. Especially in these modern times when the cost of everything in life has gone up just a bit too much. Gas, groceries, all that sh1t. The middle class is disappearing. It'll really be interesting to see where PS6 and the next Xbox fall in terms of pricing.
Like look at what is happening with fast food. Those business have lost a lot of sales cuz the prices no longer make fast food a cheap, easy, quick decision. Now it gives people h3lla pause. Now you can go to Costco or Sam's Club a get a whole large great-tasting rotisserie chicken for less than the price of a decent fast food meal, and that sh1t will last you a week.
