PS3 Price Cut

 

Sony Corps has recently lowered its 80 GB model PS3 price to $499, from the original $599. The lower end 60GB model will be replaced with a 40GB model, which will go on sale on November 2^nd.

This step narrows the price gap with competing game consoles, but the PlayStation 3 is still the most expensive. Microsoft Corp.’s Xbox 360 costs $350 and Nintendo Corp.’s Wii costs $250.

However, despite the price cut, many experts analyse that it came too late. Comparatively, Wii has sold 9.3 million units, 360 has sold 11.6 million units, and the PS3 only sold 5 million units, as of October 19, 2007.