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Thursday April 19, 2007 3:52 am

Sony Denies Price Cut Reports

PS3 Reports earlier this week from the Financial Times indicated that Sony might be considering a price cut for the PlayStation 3, in the wake of less than anticipated sales. Certainly signs seemed to be pointing towards such a drop, with the elimination of the 20GB console in the US and rumors of a PS3 with a larger hard drive resurfacing. Today, however, Sony has made a statement declaring that there are no plans in place for a price drop. Next Generation reports that Sony’s statement indicates that the company will let market trends and competition determine their pricing strategy – but that seems to be what the Financial Times suggested would be driving the price drop.

Read More | Next Generation

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