Sony cuts PS3 prices, offers new model

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Just in time for the holidays, Sony Computer Entertainment America has announced that it’s introducing a new model of its PlayStation 3 video game console, along with a price reduction of its current model.

The new 40GB system will be available in North America beginning Nov. 2nd for $399, and the current 80GB model has had its price reduced from $599 to $499, effective immediately. Additionally, the new 40GB model will come bundled with Spider-Man 3 on Blu-ray Disc.

Sony has had a tough row to hoe against stiff competition from Microsoft with its Xbox 360 and Nintendo’s Wii. Both systems have been less expensive than the pricier PlayStation 3, though neither boast the ability to play Blu-Ray Disc — an emerging high definition media format. (Instead, the Xbox 360 can play HD-DVD content, using an add-on peripheral.)

The PlayStation 3 comes equipped with High Definition Multimedia Interface (HDMI) output to HDTVs, 802.11g wireless networking, USB 2.0 interfaces, and a host of other capabilities.

Sony advises users looking for backward compatibility with older PlayStation 2 titles to go with the 80GB model; the system is a bit different from the new 40GB model coming in November, which lacks the ability to play older titles.

This story, "Sony cuts PS3 prices, offers new model" was originally published by PCWorld.

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