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]

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