Sony Corp. slashed the price of its current PlayStation 3 by $100, or 16.7 percent, and introduced a high-capacity model in an effort to spur sales of the struggling video game console.
Starting Monday, the current 60 gigabyte model will cost $499, down from $599.
The Japanese electronics maker also said it is introducing a new version of the PlayStation 3 with a bigger hard drive for storing downloaded content such as video games and high-definition movies.
Cutting the price and giving it a bigger hard drive won't necessarily make the PS3 any better, let alone more fun. Despite the fact that XBox 360s seem to see more flames than the average Kiss concert, it has become the "hardcore" (read "young teen male") console of choice and Nintendo is for everyone else (myself included)
I guarantee you that more than 14 million Wiis will be sold Everytime someone plays mine it is basically an instant sell. Heck, I think I could sell it to my parents. It just seems to me that in a flat economy where people have no desire to upgrade to yet another disc format, the PS3 has got a long, uphill battle against the Wii, which is not only fun but the best way to experience YouTube in the world.
Sony has said it sold 3.6 million PS3s in the fiscal year ending March 31 and expects to sell another 11 million in the current fiscal year. Microsoft said in its most recent quarterly earnings report filed in April that it had shipped 11 million Xbox 360s.
Nintendo, meanwhile, claims it has sold nearly 6 million Wiis worldwide as of March 31, and more than 40 million Nintendo DS handhelds. The company has predicted it will sell another 14 million Wiis and 22 million additional DS systems by the end of the current fiscal year.
The Wii and PS3 were released within days of each other late last year. Microsoft had a head start in the current generation of consoles, having launched its Xbox 360 in 2005.
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