With the release of the PlayStation 4 on the horizon many believed that would mean a price cut for the PlayStation 3 is also on the way, however Sony Computer Entertainment U.K. managing director Fergal Gara has revealed that the company has no such plans at the moment.
“There’s no plans as yet,” he told Games Industry International. “The PlayStation 3 is a system where it hasn’t been particularly easy to get the costs down. We continue to look at opportunities, there may or may not be any more, I genuinely can’t answer to that.
“But it will certainly be a more keenly priced machine in relative to PlayStation 4. It will sit there as a viable entry level machine for years to come. It will be different by territory as to how long its life is. There’s still a lot of love for PS3.”
The PlayStation 4 is due out this holiday season priced at $399.