PixlBit

Today, Sony announced that the PlayStation 3 is officially dropping in price across both models.

Earlier today at Gamescom, Sony revealed a $50 price cut for both models of the PlayStation 3, bringing the 160GB slim model down to $250 and the 320GB slim model to $300. In addition to the price cuts, at select retailers across America, Sony is running a limited-time special bundle for $300, which will include the 320GB system, a copy of inFamous 2, and a 30 day PlayStation Plus trial. The price drop is effective immediately, allowing newcomers to jump in without a wait.

The price cut won't be limited to American territories, both Europe and Japan will also see reduced prices. The 160GB model will now retail for 250 euros and 24,980 yen, while the 300GB model will be priced at 300 euros and 29,980 yen, respectively. Japan's price drop will not be effective until August 18, though Europe's price cut is effective immediately, like America.