PS3 To Retail At Approximately £255?

According a an article published in the May 17th edition of Japan’s Mainichi Shimbun, the PlayStation 3 could be one of the most expensive mass-market video game consoles ever. Officials from Sony apparently told the newspaper that PlayStation 3s would sell in Japan for “less than 50,000 yen each.” That translates to about $465 US dollars (£255, 370 Euro)

The beast of a machine utilizes the powerful Cell processor, a custom-designed graphics chip by Nvidia, and 512MBs of RAM for a quantum leap in performance. The system will also be the first-ever to support high-def movie-playback out of the box, taking advantage of the upcoming Blu-ray Disc format.

Sony claims that PS3 will be roughly 35 times more powerful than PS2. If Mainichi Shimbun is correct, gamers will be asked to pay a hefty price for the high-end functionality.

This news has not been officially confirmed by Sony yet, if anything changes or if this news is confirmed we will update you with more information.

[align=right][size=7]Source IGN[/align][/size]