So, the Xbox 360 is receiving a hefty price cut across all models early next month, does Sony feel pressured to do the same? In short, no, not yet. Speaking in a recent interview, SCEE head honco David Reeves explained that software like LittleBigPlanet will drive PS3 sales throughout the remainder of this year and that there would not be a price cut announcement:

No. We’re not going to drop the price this year.

Too bad! But then again, maybe it’s PR-speak for “we’re dropping the price in a couple months.” You can’t really expect them to announce a price cut early, can you?

Reeves: There will be no PS3 price cut this year [VG247]

Follow this author on Twitter.

Read more: Capcom: ‘At Least One More’ Original Title for 2012,  THQ Boss Downplays Talk Of PS3 Price Cut At E3,  Reeves Admits Uncertainty Over PS3′s 10 Year Lifespan,  Analyst Forecasts PS3 Price Cut for Mid-August,  Sick Of PAL Delays? You Can Always BitTorrent, Says Reeves