5 July 2007
Ferry

PS3 price drop to $500 on July 12, 2007

Sony has not confirmed the PlayStation 3’s $100 price drop from $600 to $500 officially, likely because they wanted it to be a surprise at their E3 press conference next Wednesday (July 11th), but Gamedaily received confirmation from the retail sector that the PS3 will be dropped to $499.99 next week!

Sony recently admitted they were trying to “refine” how much it could afford to cut the price of the PS3. The PS3 price drop rumor spread like wildfire across the internet today when a new advertisement from Circuit City showed up (shown above).

A merchandising manager at one of the world’s biggest retailers has confirmed that the price drop is indeed retail-wide and it’s scheduled to take place on July 12th, although the first wave of ads to promote the PS3’s new price won’t show up until Sunday, July 15th. Hopefully this will be a worldwide price drop and at E3 Sony will show some more upcoming must-have games that make the console worth paying for (ignoring the multimedia player features there).

6 July 2007 04:24
Reeteshinacation

Not even a month after my purchase
Hope there are some remunerations…

6 July 2007 06:30
virtual alan

Only a matter of time………i still think with it`s lack of AAA games it may still sit on the shelf for a while

6 July 2007 06:36
Zoot Suit Jedi

@Alan

Agreed. $499 is still a lot of dough to drop on a system. If I wanted a blueray player, I would buy one; I need games to warrant this purchase.

6 July 2007 07:26
pixelsword

Shoot! Basically for $20 more than a 360 Elite you’ll get a built-in blu-Ray player, wi-fi, free online multiplayer. While games not as plentiful as the Elite, the game are here, and more will come. If you bought one at this time, you’ll have the advantage of not waiting as long to wait for games.

6 July 2007 14:50
Kabapu

Awesome. Good to hear it’s a decent price reduction. MS will probably match with their own … but still. Very nice.

6 July 2007 15:24
Connor

yep, poor sales and low popularity led sony to do this. it still wont catch up to the wii.

6 July 2007 15:29
Connor

im not a nintendo fanboy mind you, i was just pointing out the statistics. but i have played the ps3 and its really pretty boring to me.

6 July 2007 16:47
Venom (Wii-Man)

Eh,like Connor said,PS3 will never catch up to Wii.A system has NEVER dropped its price this fast.And NO i am not a Nintendo fanboy.Whenever i see a system i like,i buy it if i can no matter what company it is.Last gen i loved the PS2 it was the best.But Sony really screwed up this time.

6 July 2007 17:06
Connor

exactly venom. ps2 was awesome last gen, but sony has screwed itself this time. they focused more on graphics than games, so it is a boring system.

7 July 2007 17:35
supadupagama

Actually Connor, the GameCube’s price dropped $50 before it even launched! Xbox also dropped $50 or $100 during the launch period. Don’t know the reasons, but I reckon it was also because of competition.