PS 3 with 60 gigabyte model will cost $499 from now
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Sony Corp. slashed the price of its current PlayStation 3 by $100, or 16.7 percent, and introduced a high-capacity model in an effort to spur sales of the struggling video game console. Starting Monday, the current 60 gigabyte model will cost $499, down from $599.
The new PS3 increases the system's storage capacity to 80 gigabytes from 60 gigabytes and also includes a retail copy of the online racing title "MotorStorm," a company spokesman said. It will be priced at $599. The larger capacity machine won't be available in the United States and Canada until August.
The announcement comes two days before the E3 Media & Business Summit in Santa Monica, Calif., where dozens of industry heavyweights including Sony rivals Microsoft Corp. and Nintendo Co. are expected to show off their latest games and related products.
Sony has said it sold 3.6 million PS3s in the fiscal year ending March 31 and expects to sell another 11 million in the current fiscal year. Microsoft said in its most recent quarterly earnings report filed in April that it had shipped 11 million Xbox 360s.
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