Anaylsts reported on Tuesday that Electronic Arts is cutting prices across a range of high profile sports games including NBA Live 08 and Madden 08. While this is good news for the consumers, the analysts said that this is a bad sign from EA's perspective as it goes into the holiday season.

Analysts said Tuesday that video game maker Electronic Arts Inc. is cutting prices on sports games, which the analysts said is a bad sign going into the holiday season.

The games affected include important sports titles such as "NBA Live 08," "Madden NFL 08" and "Tiger Woods PGA Tour 08."

Pacific Crest analyst Evan Wilson said 14 games were affected, most of them sports games for Sony Corp.'s PlayStation 2 system. Wilson said sales of the PlayStation 2 held up longer than he expected but are now declining.