PS3 Price Cut 'Imminent'

There's lot of news stories floating around the internet that Sony will be announcing a 100 euro/dollar/pound price cut on PS3s in the next couple of days.

According to Janco analyst Mike Hickey, Sony needs to slash the price of the console to "effectively restart unit velocity at retail." He sees this cut taking effect in "April or by June at the latest." Without the cut, he predicts PS3 sales will continue to steadily decline.

So if you're thinking of getting a PS3, hold off a few days!

Two Sources: Yahoo Tech and Engadget.