Sony Computer Entertainment America has announced that it will offer extended warranties for its PlayStation 3 and PlayStation Portable consoles. Retailers like GameStop and Best Buy already offer extended warranties. While the added protection offers gamers peace of mind, warranties have proven to be quite lucrative for retailers.
Sony’s press release lists its warranty pricing as:
- PS3 — 1-year extension ($49.99) or 2-year extension ($59.99)
- PSP — 1-year extension ($29.99) or 2-year extension ($39.99)
- PSP with Accidental Damage — 1-year extension ($39.99) or 2-year extension ($49.99)
It’s a smart move by Sony and I’m sure it will make a lot of money selling warranties. A lot of people don’t take advantage of the warranties they purchase. Some people forget that they even bought them. It’s a safe bet that the money Sony spends on repairing consoles covered by extended warranties will be a drop in the bucket compared to the revenue generated by warranty sales.
Are any of you going to plop down cash for an extended warranty? Or are you confident in the reliability of your PlayStation products?