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Sony slashes PlayStation 3 prices

Console cost cutter

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Sony today cut the cost of the PlayStation 3, saving precious gaming pennies in the build up to the Chrimble season.

Announced at the annual Gamescom event in Germany, the cuts bring the PS3 into line with its Microsoft counterpart.

The UK price reduction, of roughly 17 per cent brings the 160GB PS3 to £200. The 320GB version now costs £249.

PS3

Elsewhere, the 160GB PS3 will now have a recommended retail price of €249/$249, while the 320GB version has dropped to €299/$299.

Cuts were always on the cards, with analysts predicting a PS3 reduction months ago.

The expected price cut should help boost sales of the PS3, which Sony insists will survive its projected ten-year life span. ®

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