Facing stiff competition in the gaming market, Sony introduces new 80GB PS3 and cuts $100 off its 60GB model.
The limited amount of top game titles yet available for the Playstation 3, as well as stiff competition from Nintendo's Wii and Microsoft's Xbox 360, have forced Sony into lowering its original price for the 60GB PS3 from $599 to $499. The price cut is effective immediately.
In addition, Sony also introduced a new 80GB model. Aimed at online gamers and entertainment enthusiasts, the 80GB model will ship in August for $599. The online-enabled racing game MotorStorm will be bundled in the sales package.
Both the 80GB and 60GB PS3 models come with Cell Broadband
Engine, Blu-ray player, HDMI port, Wi-Fi connectivity and SIXAXIS wireless controller.
According to Sony, game titles such as Grand Theft Auto IV, NBA '08 and SingStar will be available later this year along with more than hundred other game titles.
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