Sony announced price cuts for PlayStation 3 model. The 40 GB version will retail for $399 while the 80 GB version’s price was also cut with $100. Sony Corp. tries to reinvigorate the sales of their new game console, because the things didn’t go in the right direction. The new prices will be available on November 2 when the new version of the PS3 will come with a 40 GB hard drive for the North American market. Same measures were applied in Europe and Japan, because Sony couldn’t battle with its rivals Microsoft and Nintendo.

Still, the PS3 remains more expensive than the rival game consoles. Its price surpasses with $50 the Xbox 360 and with $150 Nintendo Wii. Nevertheless, Sony have made the move before the Christmas shopping season. Better now than later. And I still prefer the Wii.

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