Sony, which will launch the latest version of its blockbuster game gear on Nov. 11 in Japan, now plans to sell a version of PS3 with a 20GB hard disk drive for 49,980 yen ($ 430), down from the previously announced 62,790 yen ($ 540). Microsoft currently sells its Xbox 360 in Japan for 39,795 yen ($ 342) and Nintendo will be launching its Wii console on Dec. 2 for 25,000 yen ($ 215). Sony will keep its planned prices of $ 499 in the United States and 499 euros in Europe for the 20-GB model. All PS3 consoles will be equipped with a Blu-ray high-definition optical disc drive, preventing Sony from selling PS3 cheap. The company was expected to lose money initially on each PS3 console it sold, even at the previous price. Sony also said it will equip 20-GB PS3 consoles with High Definition Multimedia Interface (HDMI) ports to connect with high definition TVs for better graphics and sound quality.

Sony, which will launch the latest version of its blockbuster game gear on Nov. 11 in Japan, now plans to sell a version of PS3 with a 20GB hard disk drive for 49,980 yen ($ 430), down from the previously announced 62,790 yen ($ 540). Microsoft currently sells its Xbox 360 in Japan for 39,795 yen ($ 342) and Nintendo will be launching its Wii console on Dec. 2 for 25,000 yen ($ 215). Sony will keep its planned prices of $ 499 in the United States and 499 euros in Europe for the 20-GB model. All PS3 consoles will be equipped with a Blu-ray high-definition optical disc drive, preventing Sony from selling PS3 cheap. The company was expected to lose money initially on each PS3 console it sold, even at the previous price. Sony also said it will equip 20-GB PS3 consoles with High Definition Multimedia Interface (HDMI) ports to connect with high definition TVs for better graphics and sound quality.