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Consoles...
Sony: PS3 price cuts are "not going to happen"
written by Ciro - August 17, 2008 11:00

Sony has claimed that those attending the Games Convention in Germany next week eager for a PS3 price cut "will be disappointed" - "it's not going to happen".

In the 12 months ending March 31, Sony sold 9.24 million units, below its initial estimates of 11 million sales.

But in an interview with Reuters on July 16, the company's video game chief said the firm was on track for the current year's target of 10 million sales.

Cuts to the Playstation 3's original high price have helped boost its fortunes in Sony's three-way battle with Microsoft Corp (MSFT.O) and Nintendo Co Ltd (7974.OS) in the global video game industry.

Sony ruled the video game industry for about a decade from the mid-1990s with its original PlayStation and PlayStation 2.

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