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http://www.cnn.com/2007/TECH/07/09/sony.pr...reut/index.html

 

 

SAN FRANCISCO, California (Reuters) -- Sony has cut the price of the PlayStation 3 by $100, or 17 percent, in the United States, a move that should boost the video game console's lackluster sales.

 

 

Starting Monday, the current PS3 60 gigabyte model will cost $499 -- a $100 price drop.

 

The PlayStation 3, which includes a 60-gigabyte hard drive and a Blu-ray high-definition DVD player, will now cost $500, or $20 more than the most expensive version of Microsoft's Xbox 360.

 

The PS3 still costs twice that of Nintendo's Wii console, whose $250 price and motion-sensing controller have made it a best-seller despite its lack of cutting-edge graphics and hard disk.

 

"Our initial expectation is that sales should double at a minimum," Jack Tretton, chief executive of Sony Computer Entertainment America, said in an interview.

 

"We've gotten our production issues behind us on the PlayStation 3, reaching a position to pass on the savings to consumers, and our attitude is the sooner the better."

 

The price drop Monday was widely anticipated by industry analysts despite Sony President Ryoji Chubachi telling Reuters last week that the company had no immediate plans for one.

 

Wedbush Morgan analyst Michael Pachter said Sony's price reduction would not double sales but may boost them by 50 percent to about 120,000 units a month.

 

"The greater significance is that Sony is signaling to the market that we're coming down the cost curve pretty fast in making this thing. It's a pretty consumer-friendly move," Pachter said.

 

Nintendo, whose Wii is selling so well that it is still hard to find in stores eight months after its launch, is not expected to budge on pricing.

 

The Xbox 360 and Wii have outsold the PS3 by several times in the crucial U.S. market, leaving Sony, whose PlayStation 2 dominated the last console generation, in the unfamiliar position of playing catch up.

 

Sony is counting on the price cut to help it significantly grow sales of the PS3 ahead of the crucial holiday shopping season that accounts for most of the annual sales of highly profitable gaming software.

 

Sony is also introducing a new version of the PS3 featuring an 80-gigabyte hard drive and a copy of "Motorstorm," an off-road racing game that has already sold a million copies.

 

The new model will sell for $600 and is aimed at gamers who expect to download a lot of games and other content from Sony's burgeoning online network.

 

Sony also hopes the PS3 will win some converts following Microsoft's admission last week that the failure rate of its Xbox 360 console had been unacceptably high, forcing it to book $1 billion in repair costs.

 

"We're especially proud of the fact that the PlayStation 3 has the lowest failure rate of any PlayStation product. It's absolutely the gold standard," Tretton said.

 

"The quality of the product and long-term viability is what ultimately wins." E-mail to a friend

 

Now I may get one sooner than later. The fact that it is a blu ray disc player makes it worth it.

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Finally! $500 is still expensive, but before the price was absurd and killing PS3 sales. If PS3 gets some decent games, they can certainly justify the price, especially with new installments of Final Fantasy and Resident Evil coming out.

 

I don't see them ever passing Wii though unless third party developers continue to develop nothing but crap for Wii. Even recent Nintendo offerings on Wii like Mario Party 8 and Pokemon Battle Revolution have been crap.

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Guest marlins02

THANK YOU GOD!!!

 

i basically had decided on the 360 because of the price but now i gotta reconsider the ps3, im getting something (just gotta decide) by the end of the month at the latest.

 

how good are these systems without an HD? ive seen 360's madden on a regular tv and it was pure garbage and other games have looked pretty decent. im afraid of buying one of the systems and have it look crappy on my tv.

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THANK YOU GOD!!!

 

i basically had decided on the 360 because of the price but now i gotta reconsider the ps3, im getting something (just gotta decide) by the end of the month at the latest.

 

how good are these systems without an HD? ive seen 360's madden on a regular tv and it was pure garbage and other games have looked pretty decent. im afraid of buying one of the systems and have it look crappy on my tv.

 

 

you could get a small hdtv at walmart for like 400-500

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ummm.... people who buy 360 usually spend about $600-700 when they first buy it... with the xbox live memberships, wireless adaptor, and not to mention the HD-DVD addon (which you are a big idiot if u buy this now).

 

 

Well I bought my 360 the day after Christmas last year. Got the Pro model $399, Gold Membership to XBL $50 and Gears of War. Didn't need a wireless adapter when the router is so close and I can use ethernet and with the uncertainty of HD DVD and Blu Ray being the way it is, well you said it best that you'd be an idiot to buy it at this moment.

 

So $500 for a 360 is not too shabby.

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Guest Miggy is Great

The only let down for the ps3 is that u have to buy the HD cord for it.... Great system though....MLB 07 the show online is suckish, the server always skrews up the game halfway through, if u get into the game at all

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ummm.... people who buy 360 usually spend about $600-700 when they first buy it... with the xbox live memberships, wireless adaptor, and not to mention the HD-DVD addon (which you are a big idiot if u buy this now).

HD-DVD and Blu-ray are failing. so i think only the idiots would buy them seperate, wait for the LG Hybrid

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Apparently the price cut is only until they run out of stock of the 60 gig model, after that the only model will be the 80 gig one that is bundle with motorstorm for $599. So if you are interested in taking advantage of the lower price, do it soon.

 

SCEE president David Reeves has told GamesIndustry.biz that the 60GB PlayStation 3 will no longer be available in the US after stock sells out - which he predicts will occur by the end of the month.

 

For the rest of the story:

 

http://www.gamesindustry.biz/content_page.php?aid=26704

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ummm.... people who buy 360 usually spend about $600-700 when they first buy it... with the xbox live memberships, wireless adaptor, and not to mention the HD-DVD addon (which you are a big idiot if u buy this now).

HD-DVD and Blu-ray are failing. so i think only the idiots would buy them seperate, wait for the LG Hybrid

 

You mean HD-DVD is failing. Hybrid is going to be a failure too. Blu-Ray is definitely the winner in this "war". The only thing stopping blu-ray from being the clear winner here is Universal, which is huuuuuuge.

 

Blockbuster has already dropped support from HD-DVD which is a big setback for them.

 

Blu-Ray

 

20th Century Fox

Buena Vista Home Entertainment

Electronic Arts

MGM Studios

Paramount Pictures

Sony Pictures Entertainment

The Walt Disney Company

Vivendi Universal Games

Warner Bros.

Apple Computer Corp.

Dell, Inc.

Hewlett Packard Company

Hitachi, Ltd.

LG Electronics Inc.

Mitsubishi Electric Corporation

Panasonic (Matsushita Electric)

Pioneer Corporation

Royal Philips Electronics

Samsung Electronics Co., Ltd.

Sharp Corporation

Sony Corporation

TDK Corporation

Thomson

Twentieth Century Fox

Walt Disney Pictures and Television

 

HD-DVD

Buena Vista Home Entertainment

New Line Cinema

Paramount Pictures (dropping hd-dvd support)

Universal Studios

Warner Bros. (dropping support)

Memory-Tech Corporation

NEC Corporation

Sanyo Electric Co.

 

 

Fun Facts: Blu-ray, unlike HD DVD, requires a hard coating on its discs because it's 0.5m closer to the surface. The polymer coating it uses, called Durabis, was developed by TDK and is supposedly extremely resilient and fingerprint resistant.

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Apparently the price cut is only until they run out of stock of the 60 gig model, after that the only model will be the 80 gig one that is bundle with motorstorm for $599. So if you are interested in taking advantage of the lower price, do it soon.

 

SCEE president David Reeves has told GamesIndustry.biz that the 60GB PlayStation 3 will no longer be available in the US after stock sells out - which he predicts will occur by the end of the month.

 

For the rest of the story:

 

http://www.gamesindustry.biz/content_page.php?aid=26704

 

Well that sucks. Is it possible to play online with the smaller ps3?

 

Lets just say I only want to play Metal Gear Solid, GTA 4, Madden 08, and Guitar Hero 3. Could I get buy with the 20gig ps3 or the smaller xbox and still get to play people online?

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Apparently the price cut is only until they run out of stock of the 60 gig model, after that the only model will be the 80 gig one that is bundle with motorstorm for $599. So if you are interested in taking advantage of the lower price, do it soon.

 

SCEE president David Reeves has told GamesIndustry.biz that the 60GB PlayStation 3 will no longer be available in the US after stock sells out - which he predicts will occur by the end of the month.

 

For the rest of the story:

 

http://www.gamesindustry.biz/content_page.php?aid=26704

 

Well that sucks. Is it possible to play online with the smaller ps3?

 

Lets just say I only want to play Metal Gear Solid, GTA 4, Madden 08, and Guitar Hero 3. Could I get buy with the 20gig ps3 or the smaller xbox and still get to play people online?

All the system regardless of price let you play online. The 20 gig ps3 (if you can find one) doesn't have wireless internet support built in. The 360 without the hard drive will be able to connect to the internet but you won't be able to download much without the hard drive.

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Sounds like I'll be a dual-system owner again soon. Then again, if the new Socom was multi-platform, I don't think I'd get one.

Does that look any good?

It will be the reason why I buy a PS3. It's supposed to be more like the first one, with no vehicles or huge maps or other stupid sh*t that they have gone to recently. I played the first Socom more than I slept.

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ummm.... people who buy 360 usually spend about $600-700 when they first buy it... with the xbox live memberships, wireless adaptor, and not to mention the HD-DVD addon (which you are a big idiot if u buy this now).

HD-DVD and Blu-ray are failing. so i think only the idiots would buy them seperate, wait for the LG Hybrid

 

You mean HD-DVD is failing. Hybrid is going to be a failure too. Blu-Ray is definitely the winner in this "war". The only thing stopping blu-ray from being the clear winner here is Universal, which is huuuuuuge.

 

Blockbuster has already dropped support from HD-DVD which is a big setback for them.

 

Blu-Ray

 

20th Century Fox

Buena Vista Home Entertainment

Electronic Arts

MGM Studios

Paramount Pictures

Sony Pictures Entertainment

The Walt Disney Company

Vivendi Universal Games

Warner Bros.

Apple Computer Corp.

Dell, Inc.

Hewlett Packard Company

Hitachi, Ltd.

LG Electronics Inc.

Mitsubishi Electric Corporation

Panasonic (Matsushita Electric)

Pioneer Corporation

Royal Philips Electronics

Samsung Electronics Co., Ltd.

Sharp Corporation

Sony Corporation

TDK Corporation

Thomson

Twentieth Century Fox

Walt Disney Pictures and Television

 

HD-DVD

Buena Vista Home Entertainment

New Line Cinema

Paramount Pictures (dropping hd-dvd support)

Universal Studios

Warner Bros. (dropping support)

Memory-Tech Corporation

NEC Corporation

Sanyo Electric Co.

 

 

Fun Facts: Blu-ray, unlike HD DVD, requires a hard coating on its discs because it's 0.5m closer to the surface. The polymer coating it uses, called Durabis, was developed by TDK and is supposedly extremely resilient and fingerprint resistant.

 

Thats alot of movies, why not have a player that has both?

 

Hybrid wont fail because it will have both, and LG has better tech. then the blu-ray players, and the blu-ray sales have dropped as well.

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