PC Magazine reports: "Sony Corp. cut the price of the PlayStation 3 by $100, or 17 percent, in the United States on Monday ... The PlayStation 3, which includes a 60-gigabyte hard drive and a Blu-ray high-definition DVD player, will now cost $500, or $20 more than the most expensive version of Microsoft Corp.'s Xbox 360."
This is good news for people who wanted to buy a PS3 but though it was too expensive. From a hardware perspective, the PS3 is a very impressive gaming console. Although it has been plagued with poor sales due to multiple factors.