Sony Debunks PS3 Price Rumors

Despite a plethora of rumors swirling around the Internet, Sony has adamantly denied PS3’s high cost at launch.

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Amid speculation that the PlayStation 3 would launch this fall with a price point anywhere from $600-$800 stateside, Sony has rejected these rumors, saying the PS2 successor will be value-priced when considering the technology. Rumors ran rampant earlier this week as several credible web sites began interpreting comments from Georges Fornay, head of Sony Computer Entertainment France, who hinted that the PS3 could cost between 499-599 Euros.

“Mr. Fornay explained that, with BD and HD functionality, PS3 at this price would be cheap for such functionality, but that current video games machines were significantly below this price. At no time did he suggest or indicate a specific price point or price range for PS3, and any reports that he did so are incorrect,” said SCEE corporate communications director Nick Sharples. “He summarized by saying that PS3 would be expensive when one looked at the current price of a video games machine, at far below 500 Euros, but extremely good value when looking at the BD and HD technology inside.”

It’s a safe bet that the console will be priced to sell, well under the rumored $600. An official announcement from Sony is expected to come at their annual press conference preceding the E3 Expo next month in Los Angeles.

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