Sony to launch cheaper PlayStation 3 – $400 for 40GB Version

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Sony Corp will launch a cheaper model of its PlayStation 3 in the United States, hoping to attract more buyers as it goes up against rival game consoles from Microsoft and Nintendo this holiday.

The new version of the PS3 will come with a 40-gigabyte hard drive, cost $400, and go on sale on November 2, said Jack Tretton, president of Sony Computer Entertainment America. The price of the 80-gigabyte version will be cut to $500 from $600.

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