NEW YORK (CNNMoney.com) – While much of the gaming world is focused on the PlayStation 3, Sony may divert attention back to the current generation of gaming by the end of the month.
An analyst's note, issued Wednesday, predicts the company will cut PlayStation 2 prices from $149 to $129 by the end of April.
Many analysts expected Sony (Research) to announce a PS2 price cut at E3, the annual trade show of the video game industry. But Colin Sebastian, senior research analyst for Lazard Capital Markets, said a move this month, coupled with last month's quiet price drop for the PSP handheld device (from $249 to $199), will allow the company to go into E3 with momentum and allow the focus to be solely on the PS3.
