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  Howard Stringer: Sony "studying" PS3 price cut
Time: 10:03 EST/15:03 GMT | News Source: Engadget | Posted By: Michael Dragone

Not that there's ever been a mainstream game console or gadget that didn't eventually go down in price, but PlayStation fans not ready to plunk down the up to $800 sticker price for a new PS3 can take heart. Sony's Howard Stringer did confirm that Sony is looking at ways to bring down the price on its monolith at some point down the road -- probably way, way down the road -- but unfortunately there wasn't much more to it than that. We know Stringer wants to drop the price on the thing, but as usual one shouldn't expect any formal pre-announcements of price cuts on hardware the company's struggling to make a dime off of.

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