In a press release issued tonight, Sony has confirmed that the 60GB PlayStation 3 has received a $100 dollar price drop, making for a retail price of $499 and is effective as of now. Taking its place at the $599 dollar price point is a new (to America anyway) 80GB model. The new model, however, will not be available in stores until this August, though no specific date was mentioned. The 80GB model will also come packed with the off-road racer, Motorstorm.This news comes after a weekend of drama, all stemming from a leaked Circuit City ad. While we originally suspected that the 80GB model, due to the ease of modification, would remain a Korean exclusive, Sony has given everyone the swerve. This early of a price drop comes as a shock, however, as it wasn't terribly long ago that Sony was telling folks to get a second job in order to afford one. We expect to hear more about how this price drop and new model plays into Sony's master plan this week at E3.
In the US, the PlayStation 3 spent 230 days at its initial price.
[Update - The meaty part of the press release has been pasted after the break. Enjoy!]

SONY COMPUTER ENTERTAINMENT AMERICA INTRODUCES NEW 80GB PLAYSTATION®3 (PS3TM); ANNOUNCES NEW PRICE ON CURRENT 60GB MODEL 80GB System Designed for Today's Connected Gamer, 60GB Price Now $499
FOSTER CITY, Calif., July 9, 2007 – Sony Computer Entertainment America(SCEA), Inc. today announced a new 80GB model of its PLAYSTATION®3 (PS3TM) computer entertainment system. Beginning in August, the new PS3 model will be available in North America for a suggested retail price of $599/$659 CND and will be sold with the popular online-enabled racing game MotorStormTM. In conjunction with this news, the company also announced that effective immediately, the current 60GB PS3 model will be available in North America for$499/$549 CND, or $100 below the original launch price.
By featuring an expanded hard disk drive (HDD), the new 80GB PS3 is designed to appeal to the online gaming and entertainment enthusiast, providing ample storage space to download more games and other entertainment content from PLAYSTATION®Network. There are currently more than 60 playable games and game-related downloads available through PLAYSTATION®Store, with expanded entertainment content coming soon. The new model features the million-selling game MotorStorm in the box, allowing up to 12 players to play online at one time, hitting the dirt in this visually-arresting, fast-paced racing title.













(Page 1) Reader Comments
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i guess at least they're giving us the option
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I myself will be dropping a 160GB into my 20GB PS3 come Christmas time. Not that my 20GB has run out of space. I just want to be prepared for the HD down loadable movies.
Given the price drop of the 60GB model, the 360 Premie is looking real expensive. And now that M$ had to pony up 1B$ for the RROD fiasco, who knows if they will drop the price now.
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If you add HD-DVD and Wireless, your now above the $599.
Do the math.
Granted, 360, right now, has more games, it's been out almost two years. It's not a fair comparison.
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It is a great option for people who upgrade to the 120GN HDD that want to get an inexpensive 360 for someone. Get a core, put in your old 20GB HDD.
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Good luck with trying it again.
The only reason you are getting a 3 year warranty is because the consoles are faulty and yes peter moore himself say it there are problems and they are fixing them so no you are not getting a free xbox at 480 dollars stop being a fanboy. 360 is great but don't talk crap about sony because you are a MS fanboy. be a gamer not a fanboy
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It will now cost me $100 less to not buy one.
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Off topic, but I find it funny that PBR was the number one selling game last week. lol
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hey can someone point me to that joystiq article that listed the number of days, for each console, until the first price drop? somewhere it stated that the ps3 would be one of the quickest consoles to have a pd.
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:)
Are you a PS3 owner? I think i have you on my PSN buddy list (under a different name).
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@Dragod
I have both consoles and I think for 499 the ps3 is a pretty good deal. The ps3 have some good games you have to know that its not even a year old. yes some are ports but some are not. I think both system are now priced at a great price.
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;)
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No I hope they don't cancel the CORE x360. How else are we supposed to get cheap consoles when MS bans all the pirates again from LIVE?
no, no, no
we need cheapo consoles
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lol, a sneaky way to get the details you neglected to post in the first place, into the article.
I tip my hat to you sir :)
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That's freaking sensitive.
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Those games were cool.
And Bowie should play him in a movie, using his Twing Peaks Louisiana accent.
Oh, yeah, $499.00 is still too much for the PS3..sorry, but the games suck.
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Now smart people just look for a used adapter on eBay but it still doesn't take away from that fact that 360's ain't got wifi./
Thank god I got my wifi adapter from my brother.
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You'd be amazed at how much of the public automatically thinks that since the PS3 is the most expensive console it's the best system on the market.
Anyways, like I said, PS3's will see a slight increase in sales, but nothing stellar. There is a reason why we still sell FAR more Premium 360's than Elites. $499 is still too pricey for the average consumer. My mentioning of the rumored price drop to $499 to customers has been greeted with nothing but a "That's it? That's still way to expensive".
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Then they can start using the hard drive as standard without the worry of those core consumers.
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Don't know if it's cheap enough to get me to buy yet, though.
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of money. There's something called food,school, and rent.(NYC is not cheap)
There's nothing really on the PS3 to play anyway, so i'll just wait until the next price drop.
As for the Xbox 360. Its cheaper, but i don't play FPSs (I hate them) so i'll just stick to playing my PS2 and DS.
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But I got mine used off ebay for 250 dollars, so... yeah.
The true cost of the 360 is $399.99. Nothing more nothing less. So long as that is what the sticker on the box says, that is all that matters to the consumer. I don't give two shits if online play is free on the PS3, it has built in wi-fi or even if it plays BD movies. In the end nothing changes the fact that the 360 has a FAR superior library of titles to choose from.
Because, in the end we buy these things for the games. Remember when Sony fans used to spit that little gem around all the time? Now all they seem to care about are the hardware specs and the "value" of their precious PS3. Value? You spent $600 on a PS3 9 months ago. NINE MONTHS. Now it's already $500, and once MS lowers the cost of the 360 it will likely be $400 by this time next year. What did you get out of that $600? Four? Maybe Five good games? Many of which are available on the 360 for what was then $200 less.
Where is the "value" in that?
I wish people would stop pretending that this is all part of Sony's "strategy". Bullshit. Nine months ago Sony thought people would be buying PS3's left and right. When price drops occur due to drops in manufacturing costs they are part of a strategy. When they occur because no one is buying the damn thing it is a move of desperation.
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Virtua Fighter 5
Oblivion
The Darkness
Rainbow Six Vegas
Resistance: Fall of Man
Motorstorm
Ninja Gaiden Sigma
there's plenty of good stuff for the PS3, you joystiq readers are just whiny little bitches, who can't be happy about *ANYTHING positive in Sony's corner.
i bought my PS3 at $599, and i *STILL think it was worth it then.
at $499, it's a steal with built in WiFi and an HD movie player (Blu Ray).
if you're a movie and gaming fanatic like me, you'd *HAVE to buy the HD DVD add on, and at the most, the Wi Fi adaptor, which will add on an additional $350 to the cost of the Elite, plus the add-ons.
face it, the PS3 is a great deal at $499, *ESPECIALLY in comparison to the Elite.
we know the games are coming, and the multi-platform titles are looking good now too.
if i didn't own either, and i was going to make my choice now, i'd go with the PS3 (i'm not really a big shooter fan, but the PS3 and 360 have their fair share of very good ones already).
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"Are you guys really serious? $499 still to pricey? You have to be kidding me. I am 15 years old and i bought the PS3 for $599 and i could afford it. You guys probably live with your moms and dont have a job. "
OK, Mr. 15-year-old. . .
I pay for:
Rent
Food
General household supplies (TP, soap, garbage bags, tools, etc.)
Gasoline
Car payments
Insurance premiums
Phone/DSL
General recreational costs (movies, TV, music, etc.)
Electricity
Medical expenses
Parking
Plus Taxes and fees on all the above
When you're a big boy, and you pay all the expenses in your parents' house, you can tell us how small $600 (or even $500) is when figured into the budget. When's the last time you wrote out a check for rent? When was the last time you had to pay for an ENTIRE MONTH'S SUPPLY of food for a household? When was the last time you had to pay ANY taxes on ANYTHING you did aside from sales tax?
Look, kid... When you're living with your parents and they PAY FOR EVERYTHING-- the roof over your head, the food in your belly, and the heat/cool air that makes you comfortable, then you risk having an adult tell you that the real world isn't like that, and that you're a spoiled brat for coming in here and saying what you did. To YOU $600 isn't anything, because you don't have to pay to SURVIVE. Your mommy and daddy cover your ass on Every. Little. Thing. They pay for your education (either privately or through taxes), they pay for your comfort, and they probably even buy you your fricking underwear.
So when you've grown up a bit, and have had to spend a couple months eating shaved deli meats or peanut butter sandwiches because you had to choose between affording rent, heat, electricity and transportation OR affording food, you can come back here and tell us how great that PS3 price is.
Until then, I suggest you STFU and go give your parents a hug and thank them for tolerating your spoiled ass and giving you any kind of decent existence.
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You have quite a bit to learn, Mr. 15 year old. I bet almost everyone on here could afford a ps3 if they wanted to, they just choose not to. A majority of people on this website are gamers, and a 600 dollar machine that has SHIT for games is not a good value to many of us. We don't buy ridiculously priced items to come on here and brag that we could afford it, and we don't buy it based on tons of stuff that hasn't even come out yet. And 360 only has halo, eh?
Ace Combat 6
Alan Wake
Age of Conan
Banjo-Kazooie 3
Bioshock
Blazing Angles: Secret Missions
Blue Dragon
Cry On
Elveon
Eternal Sonata
Fable 2
Flat Out:Ultimate Carnage
Halo 3
Halo Wars
Huxley
Infinite Undiscovery
Kingdom Under Fire: Circle of Doom
Left 4 Dead
Lost Odyssey
Marvel Universe Online
Mass Effect
MotoGP 07
Mobile Ops: The One Year War
Naruto
Project Progressive
Postal III
PGR4
Project Sylpheed: Arc of Deception
Splinter Cell: Conviction
Too Human
The Secret World
Universe At War
Vampire Rain
Granted not all of those are huge system sellers, but far from "just halo". Grow up little kid.
Having the most expencive of things doesn't make you a better person. Knowing what you can afford does.
This is just too easy for someone of my calibre. Anyone else want to explain how much of an asshole he'll grow up to be?