Shackpets | Available on iOS and Google Play Store

Rumor: PlayStation 3 price cut planned for GamesCom

A rumor is circulating that Sony is preparing a price drop for the PlayStation 3, to be announced at this year's GamesCom event in Germany. Industry expectations pin the price as low as £179.99.

7

Sony is planning to announce a price drop for the PlayStation 3 during its press briefing at GamesCom, reports MCV. If rumors are true, the August event in Cologne, Germany will see the system drop to as low as £179.99. In 2009, Sony announced the PlayStation 3 Slim and a price drop at GamesCom, so there's precedent for using the event to drop the price. But the rumor springs from industry expectations and retailer hopes, so it's anything but set in stone.

Comparison to pricing in North America is difficult, since the prices don't directly compare. The PS3 currently starts at £255 in Europe, which converts to over $400 according to current estimates. The actual price here, of course, starts at just $299.99. So while an aggressive drop to £179.99 would literally be about $288, a more likely North American figure is between $200-250. That is, if the price drop comes across the pond, and if the rumor is accurate to start with.

Nintendo recently cut the Wii price to $149.99, which was widely interpreted as a strategic move ahead of its Wii U unveiling. Sony probably isn't nearly as ready to launch the PlayStation 4, but price cuts provide a nice sales boost regardless. The report also speculates that, if true, Microsoft could respond with its own Xbox 360 price drop by the end of the year.

Editor-In-Chief
Filed Under
From The Chatty
  • reply
    June 24, 2011 9:15 AM

    Steve Watts posted a new article, Rumor: PlayStation 3 price cut planned for GamesCom.

    A rumor is circulating that Sony is preparing a price drop for the PlayStation 3, to be announced at this year's GamesCom event in Germany. Industry expectations pin the price as low as £179.99.

    • reply
      June 24, 2011 9:16 AM

      Hopefully it drops down to $200, as $250 is still not low enough for a purchase.

      • reply
        June 24, 2011 9:19 AM

        LOL

      • reply
        June 24, 2011 1:11 PM

        I suppose they could offer one with 4gb storage space like xbox. But they can't make money off hard drives, though.

    • reply
      June 24, 2011 4:17 PM

      Hopefully MS follows suit and drops the price to a more reasonable $200 for their 250GB HD version. The technology in all the current consoles really doesn't warrant a price of more than $250.

      • reply
        June 24, 2011 4:34 PM

        If they drop the price i might actually get one. Theres some games i been wanting to play. Mgs4, little big planets, heavy rain, and i never played any of the god of wars. Can you buy final fantasy 7 from the original ps1 from the market place?

        • reply
          June 24, 2011 4:42 PM

          As well as 8 and 9, if that's your thing.

          • reply
            June 24, 2011 5:03 PM

            Well 8 was good but i never beat 9 i couldnt get into it. Are the graphics updated at all. I been wantin to play ff7 over again for a while

            • reply
              June 25, 2011 11:12 AM

              No update on the graphics sadly. Still great to play through them in my book.

              BTW, I never played the God of War games until 3. One of my favorite games ever to be honest.

    • reply
      June 24, 2011 10:33 PM

      I would like to get a second PS3 for my family room. If this comes down in price, I'd probably by another one.

Hello, Meet Lola