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I don't know why everyone believes that a PS3 Slim has to be cheaper to manufacture than a "fat" PS3. It only has sense if you exclude all the re-engineering costs, Sony uses chips with a smaller technology (transistors with a smaller fetch channel), and the size is not that much smaller, because in electronics, if you want the same capabilities in a smaller size, you have to spend much more, not less.

In PS2 Slim Sony used a chip that combined the CPU and the GPU, I'm not sure if they can do the same with the chip technology they can use now.