Topic Sony Cuts PS3 Price by 16.7 Percent

Paperboy

Sony Corp. slashed the price of its current PlayStation 3 by $100, or 16.7 percent, and introduced a high-capacity model in an effort to spur sales of the struggling video game console....

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SageMother

This can't be that unexpected. Wii is cleaning up by advertising their system half to death. I am sure many parents prefer the system because it gets the player up and moving. Then you add in the release of the iPhone and Sony has to be pretty nervous!

joshuk

Price drop was always on the horizon, I think even sony themselves would have realised at the time of launch that not many people would be prepared to pay the launch price.

Riddar

I swear I can't figure out Sony's next moves for the life of me. I heard they now plan to discontinue the former higher end model so they will only offer the $600 80GB version, no $500 SKU at all.

Every time I think they are on the right track...

harvcr

I think this is great news to those who were not willing to pay that large amount of money. Although I think it took Sony a little to long to take action. Hopefully their sales go up.

The Other Guy

Will Sony go the way of SEGA and pull out, leaving Nintendo and Microsoft?

I asked myself this question. Though I doubt it, what does everyone else think?

Rannek

I heard about this price reduction a while ago, but still great information. Around here their offering 3 (or 5, cant remember) FREE blue ray dvd's with it as well ! We're thinking of getting one so we can watch movies on there and so i can play games :P.

mmarsh

I don't think so. Although if things don't turn around starting next year they might to speeding up the development of the PS4, since the PS3 offers no real significant improvements in performance or graphics to the X360.

Sony's got three hurdles.

1. Reduce the cost of the console. Frankly this I feel was their biggest error. They took a chance on a new technology (Blu-Ray) before it was truly ready for Prime Time. Since all new experimental tech costs a mint this kept away the customers. Blu-Ray might still win the DVD-HD format wars but for the PS3 the damage is done.

2. Vastly improve its Online Content. They are waaay behind MS on this. Frankly they might be too far behind...

3. With the loss of the GTA, Final Fantasy, the WWE, and Madden exclusivity licenses (and a few others) it needs a view more hot titles on PS3 to attract buyers. Much like Xbox has done with Bioshock, Gears of War, and HALO.

It still has a Metal Gear Solid and a few less popular games like DMC, but what it really needs are games that will automatically sell consoles. The loss of Rockstar hurt them baaaaaad...

Donkey

They only need to cut it 30 more percent