Tag Archives: price reduction

Nintendo slashes 3DS price

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Just four months after the high profile launch of its 3DS handheld gaming system, Nintendo is acknowledging that it has a problem on its hands.

The video game giant announced plans Thursday to slash the price for the 3DS by one-third — from $250 to $170 — effective August 12. The move came as the company reported fiscal first quarter revenue that was more than 50 percent below the previous year and a $328 million dollar quarterly loss. It also cut its projected earnings by 82 percent.

Read more at Daily Variety

Sony drops PSP price to $130

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With its next generation portable system looming, Sony is giving the PSP one last moment in the spotlight. Effective this Sunday, the company will cut the retail price of its portable gaming system by $40, from $170 to $130.

The move not only lets Sony access a new audience with the PSP, it lets the company get out in front of the launch of the Nintendo 3DS, which will hit shelves on March 27.

Read more at Yahoo! Games