Financial Times FT.com

Sony and Microsoft step up fight with Wii

By Chris Nuttall and Richard Waters in San Francisco

Published: October 18 2007 08:01 | Last updated: October 18 2007 08:01

Sony announced a $399 PlayStation 3 for the US on Wednesday while Microsoft confirmed that it would launch a new $279 version of its Xbox 360.

The moves increased price competition with the Nintendo Wii in time for the crucial holiday season sales period.

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