A few days ago Sony announced a new version of Ps3, Ps3 Slim. Sony launched this to increase it's sale because before it cost too much. Following Sony Microsoft also announced that it will be cutting the price of it's Xbox-360.

Now both the Gaming Giants in the market will cost same 299$ and this price is for all over the world depending on the currencies. Microsoft has announced 3 versions of Xbox 360 and one of them the Pro version of console will be available for 249$. The cheapest Xbox Arcade that is without hard drive, will cost 199$.

Costumers are now waiting for just Wii to cut down it's prices to increase its sales. Now Microsoft and Sony both can increase their sales by this decession.

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Sony announced that it will decrease it's PS3 price 100$ of the retail price. Sony is the worlds largest electronics company started by Japanese.

The price of Sony PlayStation 3 now days is around about $400. PS3 is the most expensive gaming console in the market as compared to it's competitors Nintendo wii and Microsoft Xbox-360.

There are some rumors in the market, we don't know whether they become true or not, that Sony will not cut the price of PS3 but will launcher a cheaper and slim version of PS3 at the price of $299. The rumor PS3 is expected to have upgraded firmware and other system properties.

The sale of Sony was also less this year as compared to its competitors.