Microsoft cutting price of high-end Xbox 360

(AP) -- Microsoft Corp. is slashing the price of the high-end Xbox 360 console by $100, matching Sony's $100 price cut for the PlayStation 3 last week.

Sony launches cash-for-televisions scheme in Britain

Japan's Sony Corp. on Wednesday launched a scheme in Britain to encourage cash-strapped consumers to swap old televisions for new ones in a plan that mirrors worldwide car trade-in initiatives.

PlayStation 3 price cut by $100; slimmer model to come

(AP) -- After months of rumors and anticipation, Sony Corp. is slashing the price of the PlayStation 3 by $100 in hopes of boosting sales of the console ahead of the important holiday season.

July video game sales show sharp decline

(AP) -- Hurt by the recession and few hit game launches, U.S. retail sales of video games dropped sharply in July, showing an even bigger decline than what many analysts were expecting.

June video game sales drop sharply

(AP) -- Squeezed by the economic downturn, U.S. retail sales of video games dropped sharply in June, the largest year-over-year decline the industry has seen in nearly nine years.

Sony latest to demo videogame motion-sensing controller

Sony on Tuesday demonstrated a prototype motion-sensing videogame controller, as the maker of PlayStation consoles joined rivals in a trend away from playing with complicated buttons and joysticks.

Sony cuts PlayStation 2 price to $100

Sony is cutting the price of its older generation PlayStation 2 (PS2) videogame consoles to 100 dollars (US) in a move prompted by tough economic times and a desire to lure fans to the platform.

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