Sony PS3

Sony PS3

Sony announces PS3 and PSP price reductionsIn a move to make its products more accessible to the public, Sony has moved to reduce the price of it PlayStation 3 down to just £199 which is a large cut from the original £250 price tag that has already been altered on the market. The large gaming giant is also planning to release a reduced version of its popular handheld gaming console with a price that will be set somewhere around £99 straight from the retailer. Since 2006 the PS3 gaming unit has already seen more than 50m in sales, with sales rising a great deal since a cheaper model was introduced in 2009.

Although retail price will be set by Sony at £199, it is predicted that many of the large retails will further cut the price down to £180 making it more affordable to the general public. Sony choose to release the news of the lower cost model at the Cologne GamesCom event along with the announcement that the mogul will also be releasing several new games such as DanceStar Party, Resistance: Burning Skies, and a few others. The cheaper version of the PSP will not have Wi-Fi which is part of the reason for the reduced price.