SAN FRANCISCO, California (Reuters) -- Sony has cut the price of the PlayStation 3 by $100, or 17 percent, in the United States, a move that should boost the video game console's lackluster sales. Starting Monday, the current PS3 60 gigabyte model will cost $499 -- a $100 price drop. 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's Xbox 360. The PS3 still costs twice that of Nintendo's Wii console, whose $250 price and motion-sensing controller have made it a best-seller despite its lack of cutting-edge graphics and hard disk.
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Sony drops price of current 60GB PlayStation 3 console by $100 in U.S.
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PS3 still costs twice that of Nintendo's best-selling Wii console, which is $250
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Some expect Microsoft to respond with its first price cuts on the Xbox 360
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Sony to revise PS3 console with bigger 80GB hard drive
Nintendo
Nintendo
@placeholder, whose Wii is selling so well that it is still hard to find in stores eight months after its launch, is not expected to budge on pricing.
Wii
Wii
Nintendo, whose @placeholder is selling so well that it is still hard to find in stores eight months after its launch, is not expected to budge on pricing.
Xbox 360
Xbox 360
Sony also hopes the PS3 will win some converts following Microsoft's admission last week that the failure rate of its @placeholder console had been unacceptably high, forcing it to book $1 billion in repair costs.