Page last updated at 12:08 GMT, Wednesday, 19 August 2009 13:08 UK

Sony slashes price of new PS3

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Japan's Sony Corporation has slashed the price of its Playstation 3 games console, cutting the price of the new PS3 by a quarter in the US, $100 less.

Sony made the announcement at the 2009 games convention 'gamescom', in Cologne, with games market experts expecting other console makers to follow suit with price cuts.

Nigel Cassidy reports.

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