No PS3 Price Cut, says Sony

Sony insist there are no immediate plans for a price cut on the PS3 console to coincide with the expected release of the new Slimline version in the next couple of months.

Sony’s CEO, Howard Stringer, moved quickly to deny rumours that were growing on the internet.

This is in response to games developer, Activision, when their CEO suggested they may stop developing games for the PS3 because of the high price of the system.

But the Sony boss responded to the Activision’s CEO:

“He likes to make a lot of noise. He’s putting pressure on me and I’m putting pressure on him. That’s the nature of business.”

And on cutting the price of the PS3?

“I [would] lose money on every PlayStation I make. How’s that for logic?”

Activision’s game titles include Call of Duty and Guitar Hero.