Sony has announced that the company will decrease prices on PlayStation 3 in the US market. The price will be cut as soon as the older models are sold out.
In one of my previous posts I have analyzed the gaming console market. The competition is extremely tough. This month, Microsoft and Nintendo cut the price of the Wii and Xbox 360 by $50. Total sales were 425, 000 and 170,000 respectively for the Wii and the Xbox 360.
Sony's decision to cut price on the new model shall further boost sales.
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