Spring has sprung ... a leak, it seems. Sony ( SNE) will delay the launch of its upcoming PlayStation 3 until early November. Previously, the company had said it planned to release the new game console this spring. Meanwhile, breaking with the company's past practices, Sony plans to roll out the device simultaneously in North America, Europe and Japan. Sony announced the PlayStation 3 delay at a news conference in Tokyo on Wednesday. Ken Kutaragi, who heads Sony's video game operations, blamed the delay on the lack of a final standards for copyright protections and other technologies that are expected to be a part of the next-generation DVD disc at the heart of the PlayStation 3, according to an Associated Press report. The standards for the so-called Blu-ray disc, which will store eight times as much data as a regular DVD disc and enable the sale of movies in high-definition format, were supposed to have been completed last September, Kutaragi said, according to the AP. But now they aren't expected to be done until next month, he said. "I'd like to apologize for the delay," Kutaragi said, according to the AP. "I have been cautious because many people in various areas are banking on the potential of the next-generation DVD." The company seemed to try to cushion the blow of the delay by announcing Wednesday that it will slash the price on its PlayStation Portable handheld game system. The retail price on the popular system will fall from about $250 to about $200 in the U.S. Many analysts had expected Sony to cut the price on the PSP before the holiday season. Price cuts typically juice sales of game systems -- and game titles.