Wook Kim
October 30, 2008 AT 06:00 PM EDT

Some bad news for all you gamers out there who were hoping that Sony would soon drop the price on its $399.99 PlayStation 3 game console: an official for the slumping electronics giant stated that there are no price cuts planned this year. “We have a business to run, and we have to make sure we’re doing the right thing for the shareholders as well,” said the managing director of Sony Computer Entertainment’s UK division. Okay, I know Sony is still losing money on each PS3 they sell (such losses are always expected early in a console’s life cycle) — but I’d be worried about losing even more market share to Microsoft’s Xbox 360 and Nintendo’s Wii. Especially as they have some pretty terrific titles PS3-exclusive titles like LittleBigPlanet and Metal Gear Solid 4 and the upcoming Resistance 2. What say you, dear readers: Was anybody out there planning on buying a PS3 this year? And how will this news affect your potential purchase?

You May Like