Sony is cutting the price of the PlayStation 3 by $50, to $249, and also introducing a low-end...

|By:, SA News Editor

Sony is cutting the price of the PlayStation 3 by $50, to $249, and also introducing a low-end PlayStation Portable (PSP) model that will sll for about $140. These moves are easy to understand, given the weak industry sales reported by NPD. Meanwhile, Sony is reportedly showing off a next-gen PSP featuring touch controls on its back.