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Price cuts and new games may have helped Sony's beleaguered PlayStation 3 console to turn the corner, say analysts in Japan.

Sony Japan released a cheaper PS3 last week with a slightly restricted feature set, including a 40GB hard disk drive.

"Although Sony's game business has not been performing strongly, the first indications of the new lower-priced model's sales look likely to alleviate overly negative impressions of the business," said Nomura Securities analyst Eiichi Katayama.

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Go to the Source for the entire story. Looks good for my bet so far :o)