Sony Drops Price On Game System

Sony Computer Entertainment America launched a price war in the video-game industry Monday when it slashed the cost of its PlayStation system and accompanying software by over 25 percent.

Sony’s popular PlayStation will now have a suggested retail price of $149, down $50, and its games will sell for $49.99 and under from the previous price of about $70.

Rival video-game maker Nintendo said it would not immediately match the cuts.