No PS3 Price Cut, Sony Says

Following rumors of a looming Xbox 360 price drop, Sony says those hoping for a PlayStation 3 drop at next week's Games Convention in Germany "will be disappointed."

"It's not going to happen," a SCEA spokesman told Reuters on Friday. "If you're coming for that you'll be disappointed."

Earlier this month, a proven confidant said Microsoft would drop the price of the Xbox 360 in September, from US$279 to $199 for the Arcade model, and $349 to $299 for the Pro model with hard drive. Microsoft has declined comment on the rumor.

Both the PlayStation 3 and Xbox 360 saw their first price drops in late 2007. As consumers continue to gobble up the industry-leading Wii for $250 a pop (or more if resold), many gamers wonder when Sony and Microsoft will respond with a more enticing mainstream price.

The Leipzig Games Convention runs from August 20-22.

This story, "No PS3 Price Cut, Sony Says" was originally published by GamePro.

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