Sony Cuts PlayStation 2 Price
Industry analyst EEDAR believes the price cut will help sustain PlayStation 2 software sales, which it estimates to be 21% of all home console software sales last quarter and predicted to drop to 16% this quarter--a figure EEDAR has now revised to 18%.
Sony also boast that the PlayStation 2's game library will reach over 1900 titles this year.
Many have been predicting Sony would reduce the PlayStation 3's price as part of the ongoing 'console wars,' where the PS3 lags behind Microsoft's Xbox 360. The cheapest PS3 model costs $399 while Microsoft's hard drive-less Xbox 360 Arcade is only $199.
