PS3 Price Drops to $249, Effective Now [UPDATED]

Illustration for article titled PS3 Price Drops to $249, Effective Now [UPDATED]

The PlayStation 3 will now cost $249, down from $300 for the 160GB model, according to a Sony announcement today. That price drop is effective immediately. No word on the price of the more expensive model, the $349 320GB model.

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Update: Sony tells us that the 320GB unit will now sell for $299.

The 160GB PS3 is also dropping in price in Europe and PAL territories to 249 Euros (349 Euros for the 320GB). In Japan, it will drop to 24,980 Yen. (29,980 Yen for the 32 GB version). The U.S. and European/PAL price drops are effective immediately. The price cut for Japan kicks in on August 18.

The competing Nintendo Wii currently sells for $150 in the U.S. with Mario Kart bundled in. The Xbox 360 starts at $199, $299 with Kinect.

DISCUSSION

They have started a new program:

The Presidential Program

- For those who originally paid $600 for the system. You get 10 PS1 games and 10 PS2 games.

The Governor Program

- For those who paid $500 for the system. You get 5 PS1 games and 5 PS2 games.

The Senator Program

- For those who paid $400 for the system. You get 10 PS1 games.

The Governor Program

- For those who paid $300 for the system. You get 5 PS1 games.

Sony's President will also commit seppuku and apologized for his failure.

Kotaku will now run 15 articles about how the PS3 is in danger and will die off due to the iPad.