And what will drive these price cuts?
During the depths of the economic credit crisis when the whole financial world as we knew it appeared to be coming to an end, they not only didn't lower their prices, they introduced a new more expensive model, which by the way has gone on to represent the largest percent of their sales far exceeding their own best estimates.
The closest competitor, who by the way is MANY years away from having a competing product in the market, has already indicated that they will not be undercutting the daVinci on price.
So please tell me again, why they will be experiencing price cuts? That prediction has been around since I've owned this stock and it hasn't happened even a little bit. During the crisis when some hospitals were insisting on discounts they refused and unit sales rebounded to record levels domestically.
as far as slow international sales, only time will tell for Europe but China and Japan can only go up. ISRG has not included them in their projections.