Sony Cuts the Price of PlayStation 3

Good things come to gamers who wait. First, Nintendo slashed the prices of Wii, and now Sony’s PlayStation 3 is $50 cheaper.

Gaming guys and gals can now pick up a PS3 160 GB model for $249 or a 320 GB model for $299. Though Sony didn’t give any reason for the cut, Time Techland believes the company wants to get a jump on sales before the holiday season. Sony last slashed prices in 2009.

If numbers on are any indication, Sony is certainly achieving its sales goal (at least today). reports that sales of the 160 GB models have shot up 400% in the last 24 hours, while the company’s inFamous 2 PS3 bundle ($300) is currently Amazon’s best video games seller.

Sony’s price cut comes just three months after Nintendo slashed the prices for Wii, bringing the console down to $150. Many gamers are now wondering if Microsoft will mark down the Xbox 360. A basic 4 GB Xbox 360 currently costs $200, while consumers can pick up a 250 GB model or Kinect-bundled model for $300.

Chances are good that gamers who can hold out until the holiday season will see even better video game deals.


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Categories: Entertainment

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