Tech Talk

The new model of Playstation 3 is out, and Sony made sure that it will be really be ‘new.’

The new version is called the “Playstation Slim” and is due to be released in North America and Europe on September 1 fro $299 and €299 respectively.

It will have the same features and functionality of the current console, but it will coming in at 33% smaller and 36% lighter. The new version is also ‘greener’ because it uses 34% less power.

But it’s physical size is the only one that shrunk, this baby now comes with a new 120 GB hard drive.

With the long-awaited price drop, Sony hopes to stimulate sales for its trailing product, which typically trails both the Nintendo Wii and the Xbox 36o in monthly sales.

The announcement could not come at a more fortuitous time, as the video game industry suffered another month of declining sales in July. Overall, the industry is down roughly 14% since last year.