During its GamesCom presentation in Cologne, Germany today Sony announced it would be dropping the price of both

its PS3 console models across all territories.

Now the Sony 160GB PS3 system will priced at $249 in the US, €250 in Europe, with immediate effect. The PS3 price

will also drop to 24,980 yen in Japan but on August 18th. The 300GB PS3 model will be priced at $300 in the US, €300

in Europe, and 29,980 yen in Japan.

"Since its release in 2006, PS3 has gained tremendous support from fans around the world and its cumulative

worldwide sales reached a milestone of 50 million units as of March 29, 2011,”

If you are not a already a PS3 owner are the new PS3 prices making you consider a purchase?

Source: CNN