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$499 PlayStation 3 Confirmed

Gamespot is reporting that the rumoured price drop from earlier this week is a reality. Starting on July 10th, the current 60GB model will sell for $499. Coming to US shores in August is the 80GB version only available in South Korea at the moment, which will retail for $599. They're bundling that unit with Motorstorm, so it's not just another 20 gigs for $100. "The price drop further indicates that, after a slow start, Sony is now aggressively trying to expand its customer base in the US. The move comes none too soon. According to the latest figures from industry-research firm the NPD Group, the PS3 only sold 82,000 units in the US in May, compared to the Xbox 360's 155,000 units and the Wii's 338,000 units." So, is this it? Will this price drop make you buy a PS3, or are you still holding off for the big games this fall?

3 of 555 comments (clear)

  1. Panic Time by MeanMF · · Score: 5, Informative

    This just confirms that Sony is in full-blown panic mode... They keep talking about the long-term viability of the PS3, and I can see why since it is a pretty nice piece of hardware. But they're obviously very worried about their near-term prospects so I could easily see how they'd cut another $100 before the end of the year if things don't turn around quickly.

  2. Those who fail to learn from economics 101 by Pap22 · · Score: 4, Informative
    Get your facts straight, according to your own wiki link:

    However, this plan was quickly scrapped and when the system had its national launch it debuted at $649.99
    $650 in 1990 dollars is $1120 in 2006 dollars. Not to mention the fact EACH neo geo game cost $200 in 1990 dollars ($313 in 2006 dollars).

    http://www.westegg.com/inflation/infl.cgi

    Compared to the neo geo, the PS3 is a flippin bargain.

  3. AU prices by Nazlfrag · · Score: 5, Informative
    I doubt we'll see anything like this. A typical price, ie. on 'sale' at Big W here w/free game is $987. That's around $847 USD. This is also the European model where they ripped out the hardware backwards compatibility.

    Or I could get this one imported for $582 AUD but have no warranty. Both options are bad, but the fact I could almost get TWO from America at the same price makes the warranty issue not look so bad after all.

    Sony doesn't stand a chance against the Xbox or Wii(which is still regularly sold out) in Australia any time soon. Even with the best damn games on the planet $1000 is a ludicrous price, next to $350ish Wii or $500ish 360. I could in fact get both consoles and some games for the same price... Bluray doesn't even enter into consideration.