Wii Still Scarce; Price of PS3, 360 Likely to Fall: GameStop

(NEWSER) - Sony has slashed the price of PlayStation 3 by $100 in advance of holiday shopping; the cheapest console will now be a 40-gigabyte model for $399—down from $499 for a 60-gigger. PlayStation is the priciest of its rivals, and sales have lagged: Compared with 404,000 Nintendo Wiis and 277,000 Xbox 360s, only 131,000 PS3s sold in August, the Journal reports. More»

Current model slashed $50; new version to offer larger hard drive

(NEWSER) - Microsoft is slashing the price of its Xbox 360 video game system to clear shelf space for a new model with a larger hard drive, the Seattle Post-Intelligencer reports. The long-rumored price reduction knocks $50 off the $350 price of the 20-gigabyte model. The new pricetag places the Xbox 360 at $50 more than Nintendo’s wildly popular Wii system, and $100 below Sony’s Playstation 3 console. More»

Price cut, new games create resurgence, $224M profit

(NEWSER) - Sony reported fourth quarter profits of $277 million yesterday, driven largely by its once-sputtering PlayStation 3, which passed Microsoft's Xbox 360 and is nipping at the heels of Nintendo’s Wii. The results vastly improved on a loss of $643.6 million a year ago, reports the Wall Street Journal. More»

Despite softening economy, $18B total in US marks 43% jump

(NEWSER) - More video games were sold in 2007 than ever before, with a total of $17.94 billion marking a 43% increase over 2006, reports the AP. Much of the growth came from sales of Nintendo's chronically undersupplied Wii and Microsoft's Halo 3, market researcher NPD Group said. Nintendo dominated gaming system sales, moving 6.3 million Wii units and 8.5 million of the most popular system, the portable DS. More»

Lower prices and a new low-cost model may help Sony to escape third place

(NEWSER) - Long lagging behind the Nintendo Wii and without a 'Halo 3' to rescue it, Sony's PlayStation 3 is finally seeing sales pick up in the weeks after a $100 price cut and introduction of a lower-end model. Sony said it sold 100,000 consoles last week, compared to sales of 30,000-40,000 a week before the Oct. 18 price cut. More»