With Black Friday only a few days away and projections for the holiday shopping season bleak, it’s not surprising that Sony is making a price cut move on its PlayStation 3 video game console to lure cash-strapped shoppers.
Now, you can get a hearty $150 price cut on the PlayStation 3 console. The caveat: you’ve got to sign up for a shiny new PlayStation credit card first.
There’s two ways to take advantage of the deal, it just depends how badly you want the PS3.
If you can’t wait to get your hands on the console, go to www.sony.com/newpscard to get instant approval for the PlayStation credit card and the visit the Sony Rewards site to purchase the PS3. You’ll receive a $150 credit for the PS3 after you’ve been approved for the card. What’s more, gamers who receive instant approval for the credit card will receive a coupon from Sony for a buy one, get one free offer on any Blu-Ray DVD purchase.
For those who are slightly more patient, sign up for the card at www.sony.com/getpscard and use it at any Sony retailer to purchase the PS3. The $150 credit will show up on the next billing statement.
The offer from Sony comes after rival Microsoft cut the price of its entry-level Xbox 360 console from $279 to $199 in September - but with no credit card sign-up required. Microsoft also lowered the prices of its mid-range and high-end Xbox 360 consoles by $50 each.
The price cut has reaped big rewards for Microsoft as unit sales of the Xbox 360 leapt 7 percent in October, according to the most recent NPD research report. The release of cult-classic “Gears of War 2″ will also bump sales during the holiday season.
But will the credit card offer lead to more sales of the PS3? It’s tough to predict as the offer is most likely to be available to those with good credit, rather than all interested PS3 buyers. Gamers with less-than-stellar credit ratings might not be able to access the offer as credit standards have tightened in the face of the global financial crisis. For more of Reuters coverage of the credit crisis, click here.
Sales of the PS3 have lagged behind the Xbox 360 and the Nintendo Wii since August. So will this offer help the Sony console edge out Microsoft?
(Reporting by Jennifer Martinez)
Trackback
29 comments so far
Previous | 2 | 1 | Next
Just FYI
Found This on another site dated 3/17/09 …..
Sony senior vice president of marketing Peter Dille says “there are still no immediate plans to cut the prices of the PS3 consoles.”
- Posted by PS3 Gamerbest price shopping…
Normally when people have problems with their phone its their actual phone, not the network that there with. Not so with me, I have to put up with stupid Fresh. They entice you with cheap call rates and an initial 40 free credit when you put on your fi…
- Posted by best price shoppingThis article is NOT accurate. The credit is NOT posted on your next billing statement. The fine print says 8-12 weeks after approval which means that you do NOT get the PS3 for $249 at all. You get it for $399 and have to pay that price before receiving the credit on a future statement. You can then apply that credit to an additional $150 worth of purchases.
It’s a small detail, but if you thought you would buy the PS3, apply the credit and walk away having paid $249 for the system you are mistaken.
- Posted by Jim[...] http://blogs.reuters.com/mediafile/2008/ 11/25/sony-offers-big-ps3-price-cut-if-y ou-can-get-the-credi... This entry was posted in Price. Bookmark the permalink. Post a comment or leave a trackback: Trackback URL. « Police Want You To Text In A Crime [...]
- Posted by Playstation 3: THE HIDDEN PRICE CUTI for one am not wealthy, and have been on the fence between the Xbox and the PS3. One of the biggest features for me in the plus column of the PS3 is the blu-ray dvd player. I have been wanting a game system for some time, as well as a Blu-Ray player.
If I were to go with the XBox we are looking at at least $400.00 for a decent system and maybe a game or two (probably bundled ones I do not really want), then add another $200 - 300.00 for a Blu-Ray player and I would be WAY over any budget.
The $150.00 discount from Sony is the real deal maker for me. I am going to take advantage of it.
- Posted by LeeThis was NOT a black friday promotion. This is a credit card promotion that Sony has been running since at least last year. Depending on the month the incentive has varied from $100 to $150. When the offer expires this month it will be replaced/renewed by another offer.
- Posted by Matthewre: X-Box price cut; the difference is based on their profit, not the total price of the system.
So if they were already selling the units at a loss and hoping to make it up in software; then by lowering the price and increasing sales, they not only increase their loss per unit but increase their total loss even more due to the increased volume.
- Posted by iAmACyborgWell I guess if your rich you get to save 150 bucks. Nice
but I dont think there are many people that really want a PS3 (that are wealthy enough), still sitting on the fence over a mere 150 bucks. Take 150 bucks off for the Walmart shopper Sony! No strings 250 bucks plus a game or two. Then the ability to play bluray and games… looks like fun and not a investment.
- Posted by jayRyan-
- Posted by JeremyWal-mart will not honor this as this is not a blackfriday deal, it is a deal to get people to get a credit card from sony, also offer expires 12/31/08 as it is a promotional deal for the card. You can get a Ps3 if approved for the card at that price and ONLY if approved by sony finacial.