Sony Announces PlayStation 3 Price Cut

Sony Computer Entertainment announced that the PlayStation 3 with 160GB hard disk drive, currently available at a recommended retail price (RRP) of 29,980 yen (including tax), $299 and €299, will be available at a new RRP of 24,980 yen (including tax) for Japan, $249 for North America and €249 for Europe/PAL territories.

SCE will also reduce the price of the PS3 system with 320GB HDD, currently available at a RRP of 34,980 yen, $349 and €349, to RRP of 29,980 yen, $299 and €299.