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PS3 Price Drops and Other Video Game News

By (view all posts by GuyCopes)
at 9:56AM Thursday August 18, 2011
under Newsworthy

This time of year usually brings news of new games, release dates and price adjustments for older hardware. Today is no different as we dive into the latest news from Sony and Nintendo that should elicit smiles from stretched-thin gamer wallets everywhere.

The company announced today that the 160 GB Playstation 3 model would be reduced in price from $299 to $249 worldwide. This goes into effect as of now. This is a 17% drop in price that has many speculating about the eminent arrival of the PS4.

Not to be left out, the 320 GB model is also receiving a price reduction in the form of a bundle which will include Infamous 2 and a 30-day Playstation Plus free trial for just $299, a reduction of roughly 14%. All other 320 GBs will also be available for $299 as well.

Overall, this is a $50 price drop for PS3s across the board. Big kudos to Sony.

On the handheld front, Sony is also cutting the retail price of the PSP in Europe down to 99 euros. There is a catch though as the price will accompany a new model that lacks Wi-Fi and sees the removal of the UMD drive. I personally see those as a negatives, but for those not ready to jump on the Vita bandwagon (that Sony portable will be in the same pricing ballpark as a PS3!) this might be a good introductory point into Sony's handheld world. I fail to see how you will connect to the PSN Store with this, so I'm curious to see how this will catch on overseas.


After already cutting the price of their poorly selling new 3DS from $249 to $169 earlier this month, the House that Mario Built is planning to release a discounted Wii in time for the Holidays. No exact number has been given as of this printing. The downside already being reported is that the with the price cut comes a loss of Gamecube backwards compatibility. Meaning the newer, cheaper, get-'em-in-the-store model will lack the ability to play Gamecube games. For every good measure lately, Nintendo seems to be taking two steps back. Just my opinion, so don't flame.

Look for more discount announcements and bundle pricing news as the summer ends don and we head into the Back to School season full-force.

Be sure to follow my attempts to stay on top of the latest gaming news around the web and the world via Twitter @SavingsGCapes.