Sony cuts U.S. PS Vita price by $50 to $199

|About: Sony Corporation (SNE)|By:, SA News Editor

Sony's (SNE -0.5%) move, announced at an event tied to the Aug. 21-25 Gamescom conference, follows a 20% cut in the Vita's Japanese MSRP (to $215) back in Feb. In Europe, the handheld console's price is being cut to €199.

Vita sales have disappointed, both due to competition from Nintendo's (NTDOY.PK) $170 3DS and the smartphone/tablet gaming boom.

Sony also announces Gran Turismo 6, the next release in its hit racing franchise, will arrive on Dec. 6.

An announcement regarding the PS4's launch date is expected shortly.