Sony Corp. (SNE) will slash the price of its PSPgo portable game player ahead of the holiday period.

The company will cut the price of the PSPgo to $199 from $249 in the United States and to 16,800 yen ($207) from 26,800 yen in Japan, Reuters said.

Sony is cutting prices after rival Nintendo Co (NTDOY) announced that its 3D-capable DS portable game player would not be available this year.

Sony has sold about 61 million PSP units since 2004.

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