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KZ2 said:
Price cuts are always a good thing for the consumers. Consumers do not care whether it means a loss of money to a greedy corporation.

A $50 price cut in America would be a great thing but PS3 prices would remain the same in Europe they have to subsidise the american price cuts. The american economy is going terribly at the moment with the sub prime mortgages, recession looming and the ongoing war in Iraq.

Greedy corporations don't sell their products to consumers for less than they cost to make so they can be at a fair price. Sony did.