popslut wrote:woodie wrote:popslut wrote:The price has crashed because nobody is buying it.
Nobody is buying it because it's shit.
of course...how could I have overlooked that!? Thanks for your words of wisdom.

It's a golden rule of marketing that when your product is selling well you
always slash the price of it by 60%.
Everyone knows that.
Obviously, if you have a better explanation.
Golden Rule to slash 60%, huh? well...as a Marketing Major myself, popslut....that's a new one I tell ya. You know there's many way to skin a cat, right? I was just overly impressed with your conclusion that the reason why they dropped the price was because "it's shit". I would have expected a little more insight than that. If you just hop over to the Cakewalk Forums.....there's plenty of happy P5 users over there that would gladly challenge your viewpoint vs Live.
Now....I'm not claiming I know the reason why they would drop the price like that, but looking at the market right now and seeing how the Cakes are trying to make amends....this is what I think is happening:
1) there are plenty of linear DAW's on the market, but there's really only 1 competition to Live....and that's P5.
2) yes...P5 has had it rough since the beginning...that's known in general, so that's no big secret.
3) Cakewalk is a many-products company (not all eggs in 1 basket)....unlike Ableton which their only product (their bread & butter) is LIVE....not to mention their instruments which only work in LIVE as well.
4) in ref. to Point 3 - Cakewalk has the flexibility to play with pricing unlike Ableton because their flagship product is Sonar which I assume is selling quite well against the other DAW's in the market, but they have a bunch of other products as well to lean on, so again....all their eggs are not in 1 basket, therefore this allows them to "spread the cost" of development.
5) since Live was really the first of its kind - they were able to charge the price that they can charge as it's "unique" and different from the traditional DAW's and many folks (like me).....like that uniqueness as it offers alot of inspiration/creativity that the others lack. Cakewalk obviously saw the interest in that and with P5v1....went back to the drawing board and took on that same concept with v2.
6) because Cakewalk seems to have a renewed interest in salvaging P5....and seeing that LIVE is it's only competitor and priced WAY HIGH - why not hit them where it hurts...and because they have other products to lean on for revenue....they can afford to?
7) at the same time....it's a "golden rule" that you don't want to leave money on the table, but with the right strategy, supply & demand...how bad do you want the customers.....there's alot of factors involved in this kind of decision.
The way I see it....they're more likely to convince P5 customers to purchase Sonar and their other synths that convincing Sonar users to purchase P5, so if they can sell this dog-shit out of P5....that'll bring on a whole new customer stream that could eventually be customers of Sonar, Rapture, Dimension Pro, etc.... this would in turn bring more revenue of course....and then they'll be able to expand their business more. It's all strategy and every company operates differently. The Abes obviously made a decision to be a 1 product company and to charge the price they're charging....they have a staff they need to pay monthly and if they drop the price....then they'll have to re-group themselves.
This is why I originally said that this is going to be interesting to see what happens as 99 bucks for something damn near LIVE....is going to be very attractive to ALOT of people (PC users of course) esp. since they can start creating music in a LIVE-like environment with the included synths....for a 1/4 of the price.