New, cheaper PlayStation 3 coming soon

Sony Corp. on Thursday cut the price of its PlayStation 3 game console in the U.S. and announced an even cheaper model that will arrive before the holiday shopping season.

The PlayStation 3 has been trailing Microsoft's Xbox 360 and Nintendo's Wii in U.S. sales.

The top-line PlayStation model, with an 80 gigabyte hard drive, now costs $499, down from $599. That effectively eliminates the lower-end model, which has a 60-gigabyte drive and has sold for $499.

A new low-end model with a 40-gigabyte drive will go on sale November 2 for $399.


Check Out Full Article @ CNN