Today Sony slashed the price of the PS3 and announced another new model coming out November 2nd. The existing 80gb bundle with Motostorm has been dropped down to $499 Canadian well down from its previous $659. That is a savings of $160. As well, the new model coming out has a 40gb hard drive and will be without its backwards compatibility. This stripped down cheaper model will retail for $399 Canadian. I have a feeling this will help spur some sales for Sony but at what cost? I don’t know how they can dramatically reduce the price of a console supposedly costing them a lot more to produce. I wonder if its Sony’s Blu Ray division feeling the heat from the Christmas HD DVD releases that caused the price drop. It should be interesting to see how Microsoft responds to these last ditch efforts from Sony. Another Xbox 360 price drop coming soon? Maybe some bundles with more games and the HD DVD drive?
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