Sony to Cut Price of PS3–in Japan

The price of the PlayStation three is going down by 20 percent, Sony said, but only for that Japanese launch of the console. The U.S. and European prices will remain the same.

This will make the cost of the much-hyped and often-delayed game machine nearly 50,000 yen (about $430 U.S.) when it launches in Japan in November. The cost in the states will be $499 for the console with 20 GB of memory and $599 for the 60 GB model.

Sony says there will be no more delays in the release of the game machine, which will have high-definition capability and will be competing with the cheaper Xbox 360 and Nintendo Wii.

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