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Gamestop: PS3 "a great machine," but pricey

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Included in a press release issued yesterday detailing Gamestop's Christmas sales surge and share hike, company chief executive Daniel DeMatteo described Sony's PlayStation 3 as a "great machine" but added that he felt it was a little too pricey for the current economic climate.

From the release:

DeMatteo called Sony Corp.'s PlayStation 3 a "great machine," but said it is just a bit pricey for the current economic environment. The cheapest Xbox 360, which comes without a hard drive, costs $200 and the Wii is $250. Sony Corp.'s 80-gigabyte PlayStation 3 console, which includes a Blu-ray player, sells for $400.

Sony issued a statement yesterday essentially saying that PS3 is better value for money than any of its competitors.

By Mike Bowden

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