We already know that PS3 Slim is hitting stores soon. The console is already put up at the pre-order price of £229 online. This was bound to bring Microsoft to action but how was the question. The options were very many- Halo 4, Natal launch on anvil or freebies with 360?

However, the company is not fulfilling any of the above wishes. Their method to face competition has been to cut down prices from £230 to £199 for the top line Elite model. This is also accompanied by phasing out middle level Pro edition. This should prove a good measure to combat immediate competition.

Also keeping the Arcade model but bringing it at the price of Elite should help beat competition against Wii. Simultaneously Elite can battle it out against PS3. This seems to be building towards a ‘console sales war’ this Christmas. The new PS3 pricing should help the cause.

This competition should only get better in future. The Wii sales have slowed down. Will the newly priced PS3 gain some of its market? Well, some