Sony Cuts $50 Off PS3 Price

Sony Computer Entertainment announced that it will cut the price of its PlayStation 3 console by $50. The company, who made the announcement at Gamescom in cologne, Germany, said that the 160 GB model will now sell for $249, while the 320 GB model would sell for $299. The price cut is global and takes effect immediately.

"Today, I believe that value becomes even more evident," said SCE president and CEO Jack Tretton, via the PlayStation Blog. "I’m excited to share with you that effective immediately at retailers throughout North America, the 160 GB PS3 and the 320GB PS3 are now available for $249 and $299, respectively. In addition, a limited edition inFAMOUS 2 bundle is now available at participating retailers across North America. The bundle retails for $299 and includes a 320 GB PlayStation 3, a copy of inFAMOUS 2 and a 30-day membership to PlayStation Plus."

Tretton went on to say talk about how the PlayStation 3 was a future proof technology that provides free access to online gameplay, a variety of TV, music and movie content, and a line-up of current and upcoming game titles to keep everyone happy.

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