The Electronic Entertainment Expo Business Summit – E3 in Los Angeles came to an end. It saw the big three in the gaming world, Sony, Microsoft and Nintendo, battle it out to seek consumer attention. As per analyst Mike Goodman, Microsoft’s Xbox 360 is the winner.

Not to be left behind in the race, Sony announced a steep price cut of $ 100 for the PS3.
The announcement was made by Sony at the E3 Media & Business Summit. The launch of a new PlayStation 3 model was also announced.