Sony announces PlayStation 3 price cuts across the world


5 Aug 2011
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Trying to add fresh life to the now-crawling adoption of its aging gaming console, Sony has announced its plans to reduce the recommended price of the PlayStation 3 by roughly $50 and equivalent amounts, across the world.
The news comes in the wake of a series of disruptions and security breaches of the Sony PlayStation Network, events that the company evidently believes would have scared off potential new customers.Sony recently also introduced freebies for PSN subscribers, after it brought the service back online.
Sony has quoted new MSRPs for Japan, Europe, and the U.S., seen in the below table. It looks like this time however, Europe has not received the sharp end of the conversion stick as is usual – with a 50 euro drop probably sufficient to make European customers stand up and take notice.
New prices will be effective immediately in the Europe and the U.S. Japan prices, which got a 5000 yen cut, are effective from Thursday. Not surprisingly, reduced prices will roll out more gradually across the world.

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