There’s been a lot of talk and speculation lately in the current generation game console market, with Nintendo taking a significant lead in console sales over Microsoft and Sony. Many analysts have predicted that both the PS3 and the Xbox 360 would see some price cuts to make themselves more competitive with the Wii, and Sony recently knocked $100 off of their 60GB PS3 game console.

Most thought this was indeed to make the PS3 more competitive price-wise with the Wii, but we’ve learned now from David Reeves, president of Sony Computer Entertainment Europe, that the $100 price reduction is only to push more of the 60GB models out the door since Sony is doing away with them to transition to the 80BG model. Reeves thinks that all of the 60GB models will be sold out by the month and Sony will only have the 80GB version available at $599.

This goes along a statement by Sony President Ryoji Chubachi said in an interview last week where he said there is no price cut planned for the PS3. Actually there was but not in a long-term, competition-driven nature. Either way, you can get a deal on the 60GB while they last or pay full price for the increased capacity.

Source: TGDaily