Sony drops PS3 price

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Sony drops PS3 price

p2pnet.net News:- The Sony PlayStation 3 costs twice as much as Microsoft and Nintendo games products and in a bid to to make it competitive, ceo Howard Stringer has knocked about 20% off the cost off in Japan,.

If Sony hadn't slashed the price, "game players in Japan would have nearly been able to buy both the Xbox 360 and Wii for the price of one PS3," observes Reuters, adding:.

"The decision, however, created investor doubts over the consistency of the company's market strategy and the validity of its market research, said Masaki Iso, chief investment officer at Yasuda Asset Management."

Stringer is also praying the move will save the company, "which has lost half its market value in the past six years," says The Telegraph, going on that even after the price cut PS3, with a Blu-ray DVD player and Cell processor, is the most expensive player on the market.

"The game player will retail for ¥49,980 (about $437) from November 11 and comes with a connection that allows high-definition pictures, says the story.
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Sony cuts PS3 price in Japan, adds HDMI to PS3 Jr.
Sony cuts PS3 Japan price by 20 pct to spur growth
Sony slashes PS3 price
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PlayStation 3 can't hide its flaws
Sony's new video game system is a workhorse, but there's something missing.

Game Over is a regular column by Chris Morris
November 16 2006: 12:30 PM EST

NEW YORK (CNNMoney.com) -- With its Cell processor engine, Blu-Ray DVD drive and beefy hard drive, the PlayStation 3 is unquestionably a powerhouse of a video game system. And forget about Elmo, this is the item that consumers will be sparring over as the holidays get closer.

But cut through the hype, and the desire for the newest, flashiest gadget and the product is not as compelling as it might seem. The PS3, for all its power, feels incomplete at launch. And that could leave some consumers, who have shelled out $500 or $600 for the system, depending on the configuration they choose, feeling put out.

The potential for greatness is certainly there, but there are fundamental mistakes in execution that prove annoying. Take the initial user experience, for example: When you bought a PlayStation 2, it was a pretty simple process. You paid the store, took the PS2 home, plugged it in and started playing. Things aren't so simple this time.

Once you've plugged in and configured your PS3, you'll have to update the system software. Some (but not all) launch games will include that system update, which means the process will take 5 minutes or so. If not, you'll download and install the upgrade from the internet (as I did). This method takes more than 10 minutes. It's frustrating, especially having spent this much.

The money does buy something: The PS3 is the first system to fulfill the promise of being a true digital centerpiece of the living room. There's little you can't do with it. Watch high-definition movies. Listen to music. Surf the Internet. Chat with friends. And, naturally, play games.
For the full article go to:
http://money.cnn.com/2006/11/15/comment ... /index.htm
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