Wedbush Morgan analyst Michael Pachter has said that the PSP Go's USD 249.99 price point is a rip-off

“$249 is too much, period,” Pachter told Game Trailers. “The [current] $169 PSP-3000 is a profitable device - the disc assembly, for a UMD, costs more than 16 gigs of flash does. So this new device doesn’t cost them as much to make as the PSP-3000 and they jack the price up $80."

“I’m sorry to say it. I don’t want to get bad fan mail from the Sony fanboys, but… They’re ripping off the consumer until they sell a couple million and if consumers don’t buy it then the price is going to come down… they’re making a lot more money on the PSP Go than the PSP-3000. And the PSP Go helps them because there’s no piracy.”

However, following the Game Trailers interview Pachter spoke to Kotaku, where he expressed some regret over his previous Sony bashing comments.

"The fact is that Sony has been subsidizing the cost of the PS3 since launch, so to say that they are 'ripping off' consumers now is not really fair, and if I could retract the statement, I would do so."

Too late Pachter. You made Sony cry.