Sony: No PS3 price cut this year

Author: Joe Martin
Published: 27th August 2008

David Reeves has confirmed that there will be no PlayStation 3 price cut this year at all in Europe.

Sony Computer Entertainment Europe boss David Reeves has confirmed that there will be no price cuts in Europe for the PlayStation 3 this year.

As it is, the PlayStation 3 is the most powerful console on the market in raw processing terms, but is also the most expensive.

Speaking to GamesIndustry.biz, David Reeves that flat out, no, there would be absolutely no price cut for any of the PlayStation 3 models before 2009.

Sony is however unveiling a whole load of new features for current PlayStation 3 owners and showcased a lot of new content at the recent Leipzig Games Convention, including Vidzone and others.

One item that was notably absent from the Leipzig line-up however was Sony's Home, the virtual online world for PlayStation 3 users. Home has suffered frequent delays and setbacks, but Reeves is adamant that Home is still actively in development.

"Everything is absolutely on track. I can look you in the eyes and tell you it's on track," he said.

"The closed beta has been expanding, the open beta will come in the Autumn and will be announced by the Home group - either in London or in Tokyo. I don't know when exactly, but they're in control of it."

Were you looking forward to a PS3 price reduction this year, or are you more interested in your PC, Xbox 360 or Wii? Let us know in the forums.