Gamesindustry.biz is reporting that Sony Corporation has plans on cutting production costs in all sectors. While this may sound like good news at first as it may have led to a possible PS3 price cut, the actual reason behind this necessary change carries a more negative connotation.The reason for the cost reduction is because the company is currently losing money off export goods. This comes to light from the strengthening value of the Japanese yen versus the US dollar. For every one-yen gain against the dollar, Sony loses ?6 billion (US$58.3 million). With a weakened US economy and a loss like that, we wouldn't be surprised to hear that a PS3 price cut won't be happening anytime soon or within this year for that matter. Looks like that previous price cut prediction won't be coming true after all.
