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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Sony to deploy PS3 PSN Firmware Update 3.70

Sony Corp. this week said it will deploy the Firmware Update 3.70 to the Playstation Network division of the Playstation 3 soon.

System Software Update 3.70 will include Auto Online Game Saves and Auto Trophy Sync for Playstation Plus members.

Additional updates include a TV/Video division in the XMB, which will include Netflix, Hulu Plus and VUDU applications, Blu-ray 3D support when accessing Java-based special features, DTS-HD MA, DTS-HD HR decoding/bit stream output when playing 3D Blu-ray titles, and 3D functionality for 3D photos in MPO format.

Finally, the company said System Software Update 6.60 will be released to the PSP shortly.

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Sony To Upgrade PS3 Slim With New Hard Disk

Japanese electronics giant Sony will release new versions of its flagship gaming console, the PS3, in Japan later this month with a white version and new hard disk capacities making the headlines.

120GB and 250GB models will be discontinued and replaced by 160GB and 320GB models respectively. The smaller model will cost around 30,000 yen while the bigger one adds 5,000 yen.

The console will also come with an optional terrestrial digital recorder pack, which brings PVR capabilities to the gaming console.

Sony has yet to say when the gaming console will be released in other territories. Some observers have expressed concerns over the rise in the suggested retail price of the consoles, which goes up to $341 and $398 respectively.

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