Sony: PS3 sales more than double after price cut

It's an amazing feat; almost exactly a year after launch, the Nintendo Wii is still hard to find in most areas. The demand will become even greater as we near the holiday season, and games like Super Mario Galaxy will do much to make sure that supplies remain constrained in stores as gamers quickly buy every shipment. There is one company that isn't sad to see the shortages, though. Sony has a lot to celebrate: its $400 40GB system is taking off. The company is reporting sales of 75,000 pieces of hardware for the week of October 29, and it surpassed the 100,000 mark the week after; both figures are well above the typical sales of 30,000 to 40,000. A lower-priced system and a sold-out main competitor seems to be just what Sony needed to jumpstart its sales.

"Obviously, we've taken so much heat over the year on PS3," Sony CEO Howard Stringer told the AP. "Finally, the turning point has been passed."

The $400 system—which lacks the ability to play PlayStation 2 games—features a 40GB hard drive and a high-quality Blu-ray drive for movies. With games like Ratchet and Clank Future: Tools of Destruction and Heavenly Sword already available for the system, and the upcoming release of Uncharted: Drake's Fortune gathering an increasing amount of buzz, the gaming side of the equation has never been stronger for the PS3. The system also boasts an interesting experiment in the oddly compelling videogame-slash-collectible card game Eye of Judgment, an exclusive that's unlike anything else on the competing systems.

View: Full Story @ ArtsTechnica

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All competing systems sales are inversely proportional to their price. This has been true since the launch of the Wii.

Just a year ago, I couldn't find these anywhere. Now at Best Buy, there are literally dozen stacks of boxes of these units lying on the floors with no one buying them. Yet, the Wii consoles are all sold out!

Just a year ago, I couldn't find these anywhere. Now at Best Buy, there are literally dozen stacks of boxes of these units lying on the floors with no one buying them. Yet, the Wii consoles are all sold out!

Heyo, thanks LOC, I've certainly noticed the increased posting count recently, and I appreciate it!

Regarding ths news, I have to say that I really didn't think the price cut and season would do so much as double sales of PS3, since it's currently still waiting for the real heavyweight titles to come in (not to say it's not got some very enjoyable games right now, but imo it's not got many huge, well known names released, I'm thinking FFXIII and MGHS4 ofc).

Cool. I'm still hoping the PS3 can turn out what everyone wanted it to be. Only thing that's killed them so far is the price. Everything else is there for it.

Off-topic: What's with the video game news burst on the site? No news for a week, then a day or two with so much that people don't even get a chance to discuss it. Bah, I should probably start looking up news elsewhere but meh~

Because I'm the only gaming news poster really, and I haven't been able to post any news in quite awhile due to several reasons. I normally post between 8-15 stories a week, but I've had alot of time lately to post quite a few stories as you can see.

Heh, thanks. But all I'm doing is posting other news really. Still don't have the time to really write my own news like I used to, but I am trying to write as much as I can anyways.