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Sony Cuts PS3 Price to $250 / 25k Yen / 249 Euros

by Jacob Mazel, posted on 16 August 2011 / 5,147 Views

As with 2009, Sony has used Gamescom to drop the PS3 price globally. Effective now (at least in the USA) the PS3 can now be purchased for $250 instead of for $300. A Japanese cut to 25,000 Yen, along with a European cut to 249 Euros was also announced at Gamescom.

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Hello PlayStation Nation,

I have some exciting news to share with you today. As many of you know, it has been nearly five years since the PS3 first came to the U.S. market with its built in Blu-ray player, integrated hard-drive, built-in wireless, and unmatched hi-def gaming. Today, more than 50 million PS3’s have been sold worldwide, more than 2,495 Blu-ray titles are available and the PS3’s expansive portfolio of games and video content on PlayStation Network exceeds 60,000 titles.

While others in the space are losing steam, PlayStation 3 is gaining momentum and giving gamers everywhere more of what they want: an unparalleled line-up of exclusive games and access to the best in sports, movies and TV, all at a great value.

Today, I believe that value becomes even more evident. I’m excited to share with you that effective immediately at retailers throughout North America, the 160 GB PS3 and the 320GB PS3 are now available for $249 and $299, respectively. In addition, a limited edition inFAMOUS 2 bundle is now available at participating retailers across North America. The bundle retails for $299 and includes a 320 GB PlayStation 3, a copy of inFAMOUS 2 and a 30-day membership to PlayStation Plus.

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Sony's move comes after the company previously announced that it expected to ship 15m PS3s in the March 2012 year, up from 14.3m PS3s in the March 2011 year. The price cut should last a fairly long time at a decent clip given how long it has been since Sony last cut the PS3 price - particularly with Monster Hunter Portable 3 HD and Madden arriving later in the month to sustain momentum for the cut. 

Sony presumably would have cut the price by $100 if it thought it was a) affordable, or b) necessary to reach 15m for the fiscal year, so there should be a nice rebound for PS3 over the next few months. Microsoft may be forced to consider cutting price now as well. At $250, the PS3 is now $350 cheaper than it was at launch in the USA.

Contact VGChartz at jmazel@vgchartz.com


21 Comments

pezus (on 16 August 2011)

And 199 pounds in the UK


late_release (on 16 August 2011)

i guess they forgot about that place... and Switzerland too


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zuvuyeay (on 17 August 2011)

hope so,that would be sweet


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pezus (on 18 August 2011)

Down from $500 to $350 in Australia according to a poster here


  • +1
GamerCHICK (on 16 August 2011)

sweet :) PS3's for everyone!!!!!!


theprof00 (on 16 August 2011)

like they cleaned up last year?


kowenicki (on 16 August 2011)

in the US... hell yes. Globally it won comfortably.


  • -1
kowenicki (on 16 August 2011)

for the avoidance of confusion... I said holiday, December.


  • +2
theprof00 (on 17 August 2011)

of course, what would an argument be without cherry picked examples? Holiday last year, 360 went in with kinect's several hundred million dollar ad campaign, a slim redesign, the inclusion of storage in the cheapest version, and many big box stores were giving hundred dollar gift cards with every purchase, not to mention HALO and fable.

360 cleaned up last year because of a bounty of worthy reasons, and ps3 had what, exactly, GT5?

MS did ALL of that, and just barely beat out ps3 globally..under 5%.

Dropping the price this October 2 months after ps3s price drop is not going to put a scratch in the overall numbers. You know this.


  • +1
Kai Master (on 17 August 2011)

There are already more active PS3s than active 360s, the price cut will help PS3 to reach 360 in active+dead user bases, even if M$ cut the price the 360 has definitely lost the second place worldwide in HW... maybe the 100M lead in SW will take more time...


APKenna (on 17 August 2011)

I love how my comment gets "tumbs down" and not an actual reply...a bit afraid Micro$oft followers?? You might just rock urself to sleep cuz ur console is about to fall behind the PS3 in sales, aiming by the end of the year! Truth hurts doesn't it!!!


Iveyboi (on 16 August 2011)

Wow! Great timing and job Sony


Branko2166 (on 16 August 2011)

@theprof00 There was a price cut last year??


theprof00 (on 16 August 2011)

exactly


  • -1
theprof00 (on 16 August 2011)

ps3 went into last holiday with no new game (except GT5), and the same price as the year before and still was statistically tied against 360 which had THE flagship title, HALO, a flagship RPG FABLE, the OMGAWSHUM Kinect, new slim model, and pretty much consistent retailer price drop, with an upgrade on the cheapest model.

If they couldn't clean up a full year after a price drop with 2 flagship games, slim model, and kinect, they sure ain't gunna do it with a 50$ price drop 2 months after sony's.


  • -4
Michael-5 (on 16 August 2011)

But 360 outsold PS3 during the holidays. For November and December alone the 360 sold 984k (basically 1 million) more units then PS3. If they can do that again this year, then annual PS3/360 sales will be even.

Also I wouldn't call Fable THE FLAGSHIP RPG. LOL, maybe flagship 1st party exclusive RPG, but not the best by far. New Slim model was also 6 months old at the time.

Anything can happen this year, If Kinect and 360 both get price cuts, then oh boy it will be interesting.


  • +4
  • -5
scat398 (on 17 August 2011)

Prof your anti MS rants really don't help your cause. Sony's price cut should have a good impact on sales but you look foolish when you claim a company like MS is desperate. Ms has done a great job of keeping a six year old console trending up in sales and increasing their income and revenue at the same time. There is nothing desperate about MS or for that matter Sony. They are both doing well and attracting customers.


  • +3
theprof00 (on 17 August 2011)

@scat
You're just looking for a rant that isn't there.

Or, you're goalposts are closer to the 50 yard line than mine are.

I never claimed MS is getting desperate. I said that if MS is willing to both drop the price and give away consoles for free (which are being tracked by NPD as sold fyi), then I'd consider them as desperate.

It's no great myth that ps3 is catching up in sales, while 360 has had a price advantage and is currently giving away the product for free. IF they decide to drop price, it will be because they have "abandoned" (using the term loosely) chasing profit, and are more concerned about "beating" the competition in sales.

Perhaps "desperate" is too strong a word, but I would call voluntary loss of profit in an attempt to preserve a small symbolic lead just that. And it is preservation, otherwise they wouldn't respond at all, and drop price according to their own pricing strategy.


  • -2
Michael-5 (on 17 August 2011)

You can't apply trends with the PS3 Slim & Price drop to the 360 Slim because a) it came out in late august, right before the holiday season, not in spring like the 360 did. b) It came with a price cut.

The 360 Slim came out in August, and did not come with a price cut. I doubt any boost the system got persisted longer then Halo's release, and even then it's only because MS released the slim regionally over 2 months.

Yea MS is giving free 360 consoles with $700 computers, but Recently PS3 was bundled with Black Ops and Black Ops was free. Remember the 18% jump for Americas region only two weeks after E3? Sales difference was <5% then, now it's 15%. It's not just MS that is pushing consoles in unique ways.

WAIT, WAIT, WAIT. If MS drops the price on the 360 to match or cut the PS3's price they are getting desperate? So only Sony is allowed to cut price globally, and MS is not? WOW.

Got a lot of thumbs on my first post, I think more people agree with me bro. Anything can happen. If 360 and Kinect both get $50 price cuts, then you can get a Kinect 360 for $200, just a little more then a Wii. That could do anything.


  • +2
theprof00 (on 18 August 2011)

what do you mean, "match"? There is already a 199 xbox, is there not?

To address your point about the slim release dates, I was never comparing the sales and saying ps3 sold better. I said that a console will come out during the year, and due to the price generally being outside of what a typical young teen can afford, it becomes a christmas present. I simply used the ps3 as evidence that sales can be up, go down, and then resurface in the holiday, because consoles tend to be gifts for a good portion of the demographic. My point had nothing to do with comparing their sales ability, and everything to do with sales trends over the course of a year.

You say that the slim was june 15th and released regionally over 2 months (to august 15th no less), and then say, "I doubt sales persisted". That paragraph is just meaningless words backed up without evidence, just arbitrary conjecture. You have no evidence showing the sales potential of a specific feature. I don't have a lot proving my point either, but it is a fact that console sales get pushed to christmas season.

About black ops being free, what's your point? PS3s have bundled games all the time, as does MS with the 360, that's nothing new, it's not unique in any sense of the word. In this deal they are simply giving away consoles. You can buy an HP, or Dell, Toshiba etc, this isn't a bundle in the same way. In a bundled console, the idea is to promote the sale of your own product, ie the console. Giving away xboxes with pc does neither promote sales of xbox, nor promote sales of pcs(which isn't even their product). Think about what time of year it is. It is the moving away to college time of year, where almost every college student will receive a new laptop or computer.


Those thumbs are the same 3 or 4 people who are thumbing me down and thumbing the pro-xbox arguments up. Don't confuse an anonymous rating system of 3 or 4 with intrinsic value. If MS were to give 360 and kinect a 100$ price drop within a year of kinect releasing (a peripheral which Ballmer himself said would extend the generation by 5 years), it would be desperate, because how does your pricing strategy now work for those next five years? And why would you cut the price of a product which is the fastest selling tech device of all time? It just wouldn't make sense to do for this holiday.


  • -1
theprof00 (on 18 August 2011)

Since I got a thumbs down for my last reply, let me show you what you are wrong about.
You are wrong that sales resulting from new features and price drops do not get pushed into the holiday.
You are wrong that bundling a game for free is "unique", and you are wrong to compare that with the free 360 deal.
You are wrong to imply that I think "only sony can drop price globally". Sony is dropping price according to a standard sales model using demand. If MS dropped price, it would be outside the demand model.
And you are wrong that 360 and kinect will each get a 50$ price drop.


  • 0
Marco (on 16 August 2011)

This is awesome. the best game and blu-ray console for everyone videogames+movie-fan.


dsage01 (on 19 August 2011)

Sony = kick ass!


riders42 (on 18 August 2011)

Go Sony.


scat398 (on 17 August 2011)

The price cut should have a good impact on Europe and japan where the Sony brand is strong, but I believe will see a weaker return in North America where most consumer have chosen MS for their main console. It should help sony reach the 15 million projection which is the overall goal of course.


gunslinger (on 17 August 2011)

Great. Right after I decided to upgrade to a slim last week. Thanks sony for the heads up!!!


Zlejedi (on 18 August 2011)

It was almost obvious there will be price drop this year and that it will be annouced at gamescon after it wasn't revelead at E3.


  • 0
reviniente (on 20 August 2011)

'While others in the space are losing steam...' I wonder who do they mean by 'others'. Or 'space' for that matter.


zuvuyeay (on 17 August 2011)

good it is needed after all,pretty decent deal if you like blu-ray,net and games all in one box,they are doing a free 30 day plus bundle,i think they should do that a lot more and try and get people hooked on the psn games,it worked for me with the welcome back deal


late_release (on 16 August 2011)

amazing right? i foresee a great boost of sales!


LivingMetal (on 16 August 2011)

I just posted this on my Facebook page with a cover of GT5 as the thumbnail.


Michael-5 (on 16 August 2011)

Well it finally happened, lets see how this affects sales. I wonder when MS will drop their price, and my how much.


APKenna (on 16 August 2011)

Talk abouot a killer blow to the competition!!! I might just buy a 3rd PS3, mainly for the Bluray Player and Netflix/Vudu for the other room.


Comments below voting threshold

atma998 (on 16 August 2011)

''While others in the space are losing steam'' *looking at the Worldwide Top 10 beside* lol


Tammi (on 16 August 2011)

Drop the price to $149 then we'll talk........


kowenicki (on 16 August 2011)

MS should wait until October and clean up.


  • -23
scat398 (on 17 August 2011)

October would seem like the right time, with gears and halo coming. Too bad the VG Chartz community doesn't want your comment to be shown, this community needs to embrace things other than Sony if it wants to survive.


  • -2
oni-link (on 17 August 2011)

yeah this community seems to be turning into a hub for SDF in my opinion.


  • -1
theprof00 (on 18 August 2011)

you repliers should take into account the fact that the first article that mentions a new ps3 price drop, kowenicki blatantly starts flaming it.
SDF? More like people who don't appreciate trolling.


  • 0