Category ArchiveVideo Games

Video Games 09 Jul 2007 08:37 am

Sony Cuts Playstation 3 Price

Playstation 3

Sony really, really needs to crank up Playstation 3 sales. Video games are a huge money-maker to begin with. Plus, the company needs to get more Blu-ray high-def video players on the market to win the war over HD-DVD. Nintendo’s Wii has been outselling Playstation 3 almost two-to-one. Sony decided to spur demand with a price cut:

Sony Corp. slashed the price of its current PlayStation 3 by $100, or 16.7 percent, and introduced a high-capacity model in an effort to spur sales of the struggling video game console.

Starting Monday, the current 60 gigabyte model will cost $499, down from $599.

The Japanese electronics maker also said it is introducing a new version of the PlayStation 3 with a bigger hard drive for storing downloaded content such as video games and high-definition movies.

The new PS3 increases the system’s storage capacity to 80 gigabytes from 60 gigabytes and also includes a retail copy of the online racing title “MotorStorm,” a company spokesman said. It will be priced at $599.

Sony’s production cycle probably isn’t at that point where it’s making money off the consoles. This price cut will cut into the company’s margins. But not extending its video game dominance for another generation is something the company doesn’t want to ignore.

Sony Cuts PS3 Price by 16.7 Percent”

Company News & Video Games 15 Dec 2006 06:00 pm

Nintendo Wii Straps Will be Recalled

Woman with Wiimote

Nintendo will replace the strap on its wireless, motion-sensitive controller for the Wii gaming machine after lots of reports of it breaking sending the controlling flying in any direction. Company spokesman Yasuhiro Minagawa said, “People tended to get a bit excited, especially while playing Wii sports and in some cases the control would come loose from their hands. The new strap will be almost twice as thick.” Bad straps have been the only downside in the Wii’s successful debut. NPD Group estimates Nintendo has sold twice a many Wiis as Sony has sold Playstation 3s.