At this years
Tokyo Game Show, Sony President Ken Kutaragi announced the price cut of the PS3 in Japan by 20%. The 20GB model will sell for $429 (U.S. dollars), down from the original $515. It was also announced both models will feature the high-definition HDMI connector, which was originally only slated for the higher end model.
This price cut is currently for the Japanese market only, but there was wide speculation on whether this will translate into a price cut for the U.S. also. Sony Computer president Kaz Hirai followed up and said that Sony
does not intend to cut prices for the U.S. version. The PS3 pricing still remains at $499 for the 20GB model, and $599 for the 60GB model in the U.S.