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Sony Cuts Price of PSP By $30, Now $170

Sony announced yesterday that it will lower the price of its PSP gaming device by $30 to $170. Most gamers and industry buffs speculate this is due to stiff competition from Nintendo's Wii console.

It's the first time Sony has officially lowered suggested retail prices on the PSP since its debut in March 2005, says Business Week.

Last month, I did a poll of geeksugar readers to see how many people play Sony's PlayStation 3 (non portable) vs. how many people play the Nintendo Wii, and 80 percent reported they favored the Wii. In February, the Wii was the top-selling console video game system with an estimated 335,000 sold, outpacing the Microsoft Xbox 360 (228,000) and the PS3 (127,000), according to The NPD Group.

So does that mean the price of other gaming consoles will continue to go down, or is this just the gamers' lucky day?

Source

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gamingangel gamingangel 10 years
Unfortunately you probably won't see a price drop on other consoles until maybe around the holiday season. Microsoft is releasing a newer version of it's popular 360 (added HDMI cables, a larger hard drive, and in sleek black). I think Sony will have to lower the price of the PS3 but they won't even consider it until a holiday season. With the Wii and DS selling well, Nintendo has no incentive to offer a price break. It's very interesting because at this point each of the systems really offer something different. The Wii has made itself the console for anyone. The 360 tends to be for people that enjoy First Person Shooters. Historically Sony is where you got your Role Playing Game fix. It will be very interesting to watch the lifeline of these systems. Sorry so long! I can write forever about the Video Game Industry!
Oread Oread 10 years
I'd guess that it has more to do with competition from the Nintendo DS than the Wii... but I can definitely see that new price-tag attracting more buyers (although the games are still pretty pricey).
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