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Sony chief executive Howard Stringer says his company is trying to decide by how much it will cut the price of its PlayStation 3 video game console, which consumers want reduced, according to a report. “That is what we are studying at the moment. That’s what we are trying to refine,” a newspaper quoted Stringer as saying. Stringer admitted that Sony faced tough competition from rival Nintendo’s Wii video game console, which has been selling better the PS3 and has a lower price.

Original post by Aili McConnon and software by Elliott Back

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