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New consoles aren’t exactly cheap, the PlayStation 3 launched in 2007 at £425 (for the 60GB model) a considerable difference to  the Xbox 360’s launch price of £279.99 for the “HD” model in 2005. This could be a step in the right direction for Sony and should help with the products launch later this year (if it happens, and we know it will).

The report comes from The Times who cites industry sources and leaked documents that suggest the initial launch price will be around £300. We’re not sure yet what model the suggested price would be attached to, but it may well be a more basic model.

With just over 24 hours to wait until the big PlayStation announcement we shouldn’t need to speculate any longer. For more information on what we “know” about Sony’s next-gen console, check out our PS4 tag!

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