Sony reduces price of PlayStation 3 by $100
Andy Jones  |  by www.contracostatimes.com. All rights reserved. 10.07 | 13:21

Microsoft said in its most recent quarterly earnings report filed in April that it had shipped 11 million Xbox 360s. Nintendo, meanwhile, claims it has sold nearly 6 million Wiis worldwide as of March 31 and more than 40 million Nintendo DS handhelds. The company has predicted it will sell another 14 million Wiis and 22 million additional DS systems by the end of the fiscal year.

The Wii and PS3 were released within days of each other late last year. Microsoft had a head start in the current generation of consoles, having launched its Xbox 360 in 2005. Last week, the software company announced an extension of the warranty because of the high number of systems suffering from hardware failure, also called the "red ring of death.

" In April, Microsoft began selling a version of its Xbox 360 with a 120-gigabyte hard drive and a souped up high-definition video connection. Called Xbox 360 Elite, the black-colored system sells for $479.99.

Xbox gamers who already own the $399.99 20-gigabyte model can buy a snap-on 120-gigabyte hard drive for $179.99.

Karraker said Sony would use the E3 show to focus on two areas: ways to increase the number of consumers who own PS3s and other products such as the PlayStation Portable handheld system, and expanding the system's library of available games. He said Sony would be releasing 100 new video games during the current fiscal year, including 15 titles that are exclusive to the PS3 such as the hack-and-slash action title "Heavenly Sword." Microsoft said in its most recent quarterly earnings report filed in April that it had shipped 11 million Xbox 360s.

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