Sony Takes Aim at Microsoft With PlayStation Price Cut - TheStreet

Sony

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opened the first front of a price war for the wallets of video game devotes, slashing the price of its PlayStation 2 console by $100 to $199 in the U.S.

The Japanese electronics giant's move is an open salvo against

Microsoft

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, which charges $299 for its Xbox machine. Sony's reduction brings the price of its console in line with that of another rival, Nintendo's GameCube.

Sony has sold more than 30 million PlayStation 2s worldwide, making it far and away the most popular console. By contrast, Microsoft has sold about 1.5 million Xboxes since introducing them late last year. Nintendo has moved about 2.7 million GameCubes.