Sony Trims Price of PlayStation 3

by The Associated Press Aug 16th 2011 2:46PM
Updated Aug 16th 2011 2:53PM
Sony (SNE) says it is cutting the price of its PlayStation 3 gaming console by $50 in an attempt to drum up demand for the 5-year-old video game console.

It's now $249, down 17 percent.

The last time Sony Corp. lowered the price of the PlayStation 3 was in 2009.

The price cut announced Tuesday comes less than a month after rival Nintendo Co. cut the price of its handheld Nintendo 3DS player. The 3DS launched with much fanfare but lost sales momentum. That device lets players view 3-D games and videos without special glasses. But the value of 3-D is not apparent to everyone. The iPhone and other smartphones are also competing with handheld gaming devices.

Sony is launching its handheld PlayStation Vita in the U.S. early next year.

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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yarovoioleg

апрар

August 17 2011 at 9:13 AM Report abuse -1 rate up rate down Reply
gfunkmonkey

Still too much for a gaming device. I'm happy with my old PS2.

August 16 2011 at 3:10 PM Report abuse +1 rate up rate down Reply