Sony (SNE) Cuts PS3 Price In Europe

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Sony (SNE) has cut the price of its Playstation 3 in Europe, the Middle East and Africa. It is also releasing a 40-gigabytes console version, which is aimed at the inexpensive Nintendo Wii. The current PS3 is a 60-gigabyte version.

Most analysts expect the price of the PS3 to be cut in the US as well. Slow sales may force Sony to make the product more attractive as the holiday season approaches.

Douglas A. McIntyre