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"PS3 Price finally drops"

So, Sony have done the one thing everyone said they should do from the off, reduce the price of the Playstation 3.

After news that Blu-ray production costs had been cut, it was inevitable that the price of the PS3 console (kept high due to said Blu-ray technology being built in) would eventually come down.

The new price offer is currently only available in America, with $100 disappearing off the 60 Gigabyte model, making it a more tasty $499. A European price drop is now highly likely based on this.

It also comes at the same time as Sony look to release a slightly amended PS3 version with an extra 20 Gigabytes of hard drive space. This will sell for the old price of $599 but will include Motorstorm. It's worth noting, however, that any standard hard drive can be used in the PS3 and Sony have confirmed this was a design specification.

Not cancelled, but its no longer open to the public. Which doesnt mean an awful lot to people who wouldnt go anyway as they'll still be extensive internet coverage of the event. And it still has the usual things like conferences by the major manufacturers etc..

E3? I thought that had been scrapped

Too little too late unless they unleash a couple of AAA titles due for release in the next couple of weeks following E3.

How about they drop the price to £250. That, though still expensive, should get them selling. Even I would be tempted. I imagine in 3-4 years time there will be a slimmer more quieter version on the market for £99.99.

Erm....Sony are quite optimistic about this price cut it seems.

"Our initial expectation is that sales should double at a minimum," says Jack Tretton.

I'm not quite sure how a price cut of less than 20% translates to doubled sales.

Garin wrote:
> Too late to return yours, pb?
>
> European announcement this week apparently. I wonder if it'll
> drop to £350 rather than the obvious £375.

Got quite a good deal for mine. Obviously not as good as the price cut though, but I don't mind. You'd be waiting for ever otherwise for the price to come down.

I do hope it starts to take off more, though, if only to boost the competition and keep all the companies on their toes.

Nin wrote:
> I know places around here were offering the PS3 for £200 if you traded in your 360 for it.

That'd be Phil Harrison's house then.

If it's $500 you would hope for a direct exchange rate and to get it for £250 but thats not likely.
I think this could start the trade-ins. I know places around here were offering the PS3 for £200 if you traded in your 360 for it.

I hope this closes the gap a bit, the console war is getting kinda boring.

But you can already buy it over here for less than £425 anyway, so whether the actualy sale price will drop when the rrp goes or not is another matter.