Western retailers have already been knocking $50 off the PSPgo's $249 price tag. Today, Sony made the price-cut official in the U.S. official. The cut for Japan, however, is twice as big.
According to Reuters, the PSPgo will be priced at $199 in the US instead of the previous $249 list price.
After less than a year on the market in Japan, the digital-download-only PSPgo will get a whopping ¥10,000 (US$124) price cut.
Starting on October 26, the PSPgo will retail for ¥16,800 ($208), instead of the ¥26,800 ($332) Sony now charges.
Sony Computer Entertainment Kaz Hirai previously said that PSPgo pricing is "perhaps an issue".
Update: According to Sony Europe, the PSPgo will be priced £159.99 in the UK from November 1st.
The disc-less PSPgo was first shown at the 2009 E3 gaming expo in Los Angeles and went on sale on October 1 in North America for $249 as well as in Europe. The handheld went on sale in Japan on November 1, 2009.