Sony Confirms PS3 Pricecut
Sony cut the price of their Playstation 3 selling in the United States by $100 today lowering the cost to about $500 or $20 more than the most expensive XBOX 360 model but still twice that of the Nintendo Wii. Chief Executive of Sony Computer Entertainment America Jack Tretton believes sales will double. The price drop was widely expected by industry analysts despite the denial of such plans by Sony's President last week.