Posted by: youngragingbull | June 11, 2013

Word on the Street: Sony prices PS4 at $399

Sony Corp. said Monday night that it will price its new PlayStation 4 at $399 for its launch this fall. That undercuts the $499 launch price of the rival console Xbox One from Microsoft, which also launches this fall. Both companies announced the launch prices for their new consoles at the E3 videogame conference in Los Angeles.

Sony did not give a specific launch date for the PS4, only to say the console would go on sale before the holidays.

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