Sony Trims $50 Off the Five-Year-Old PlayStation 3

Sony is cutting the price of the five-year-old PlayStation 3 to $250 from a previously recommended price of $300, the company said today. The version with twice the amount of storage, or 320 gigabytes, will cost $300, down from $350. The new pricing goes into effect Thursday.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work