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Sony Drops PSP Price

2/25/2011 01:32:30 PM Eastern

Foster City, Calif. - Sony
Computer Entertainment America
(SCEA) 
said Friday it will cut the price of its 
PlayStation Portable (PSP) handheld gaming system will to a $130
suggested retail, effective Feb. 27.

Sony is looking to drive further sales of the popular gaming
device after recently announcing that it is making portable video game play
available on select mobile phones.

Since the launch in 2005, the PSP system has sold more than 23
million units in North America and 67.8 million worldwide, SCEA said. More than
590 titles are available for the game player in North America, and it can
access a large library of downloadable content from the PlayStation Network.

In addition to the new price point, Sony said 13 new games will
be added to the PSP Greatest Hits and $9.99 Favorites software collections.

Greatest Hits titles are offered for a $19.99 suggested retail
each. Some of the new additions to the nearly 70-title collection include: Assassin's
Creed  Bloodlines (Ubisoft); Dissidia
Final Fantasy (Square Enix); LittleBigPlanet (PSP); Metal Gear Solid: Peace Walker
(Konami Digital Entertainment); Ratchet & Clank: Size Matters; Resistance:
Retribution; and Toy Story 3: The Video Game (Disney Interactive).

The $9.99 Favorites titles now include Crisis Core-Final Fantasy
VII (Square Enix); Daxter; Monster Hunter Freedom Unite (Capcom); Killzone:
Liberation; SOCOM U.S. Navy Seals: Fire Team Bravo; and Tomb Raider Anniversary
(Square Enix).

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