PS3 price cut is not enough

SONY'S $100 price cut for the PlayStation 3 is not enough to pull its nadgers out of the fire, according to the game software maker Konami.

The software maker, who turned out Metal Gear Solid for the Playstation, said that it is looking at abandoning the PS3 and shifting its software onto other formats.

Kazumi Kitaue, the head of Konami's North American and European operations, told Reuters he doubted if Sony could win back user support by the price cut of just $100.

He added that Konami may need to expand the target hardware for its blockbuster fighting game Metal Gear Solid to other consoles in the future to recoup development costs.

The outfit wanted to release Metal Gear Solid 4: Guns of the Patriots for the PS3 in the current business year to March 2008. The game was hoped to be a boost for the PS3 which lacks much in the way of software.

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