Sony has confirmed that its PlayStation 3 games console will have its price cut in Europe and the US.
The rival to Sony’s console gaming platform, Microsoft’s Xbox 360, has outsold the PS3 for the past several months by a considerable amount each time.
But Sony is hoping that it can entice consumers back by slashing the price on the console.
It has been reported that the new price for UK consumers will be approximately £200, whereas Sony confirmed the prices for the European zone and the US as 249 Euros and 249 dollars respectively.
Sony’s Andrew House made the expected announcement yesterday at GamesCom.
Although the UK price of £200 hasn’t been officially confirmed, the UK branch of online retailer Amazon has advertised its price for the console.
The retailer has the 320 GB model priced at £215.20, whereas the 160 GB version will be available for as little as £192.
Several other video game related announcements were also made by Sony at the event, including news on a brand new budget PSP model which will be available for 99 Euros - minus wi-fi capabilities.
A price has not been announced for the UK or the US, but it should sneak in at less than the freshly reduced 3DS.
Also revealed was news that Resistance: Burning Skies would be available for the forthcoming handheld console the PS Vita.