Last week, you may have heard that Nintendo blamed the 3DS price cut for their huge financial losses. According to Gamasutra, Sony is jumping on the financial loss bandwagon as well, using the PS3 as their scapegoat.
The price of the PS3 was cut from $299 for 160GB model to $249, and from $349 for the 320GB to $299 in August 2011. The PS3 actually sold 3.7 million units this quarter, compared to 3.5 million for the same period last year, but it still resulted in a net loss.
The PSP also sold 1.7 million this quarter, compared to 1.5 million from last year, but sales of the PS2 dropped by 0.3 million. Other declines in Sony’s sales of LCD televisions, and unfavorable foreign exchange rates, were noted.
Microsoft was pretty firm about not cutting the price of the Xbox 360 in the wake of Sony’s price drop, so maybe they will be immune to this financial ill-fate. And, anyway, they were best selling console in the US in September, for the seventh month in a row.