Sony cuts price of PlayStation 3 to $249

Sony has revealed it will drop the price of its PlayStation 3 console.

The global price cut, announced during the Gamescom video game conference in Germany, will take effect immediately.

The cut applies to both the 160 GB and 320 GB models, which will now sell for $249 and $299 respectively. A handful of bundles featuring the PlayStation Move and Activision first-person shooter Call of Duty: Black Ops are also available.

“The new price will make the PS3 more accessible than ever before,” says Sony Computer Entertainment CEO Jack Tretton in a statement posted on the official PlayStation blog.

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