By Frank Lucci (staff@latinospost.com) | First Posted: May 23, 2013 10:44 PM EDT

While neither the PlayStation 4 or the Xbox One have a price yet, gamers can expect the consoles to cost less than their predecessors, at least that is what GameStop CFO Rob Lloyd claimed in a post-earnings financial call that was reported by Gamespot.

The PlayStation 3's price was first set between $500 and $600, while the Xbox 360 was priced between $300 and $400 during launch.

Lloyd did not specify if he thought that the systems would clock in in the lower $300 end of the spectrum, or if gamers can expect to pay around twice that later this year when the systems are expected to be released. There is a wide range of prices this statement covers, and hopefully it will be on the lower end for both systems as opposed to the $500 and above range.

The Gamestop executive also revealed that he is confident that the nationwide video game retailer will be able to sell more of the next-gen consoles than anywhere else, due to their buy-sell-trade model. Gamers will be able to sell their old consoles and games when the next-gen hits and use that trade-in value in order to get those consoles cheaper than anywhere else.

One blemish on the financial call was Lloyd's refusal to address the news that the Xbox One will require gamers to pay a fee in order to play used or borrowed games on the system. This figures to negatively affect Gamestop's used games sales, which makes up a large portion of their revenue and is one of the biggest gripes people have against the Xbox One so far.

Hopefully the words of Lloyd come true and the Xbox One and PlayStation 4 are indeed cheaper than the last generation of consoles at launch. Perhaps at E3, Sony or Microsoft will have more information about the subject.