US retailer applauds PS3 price drop

Best Buy has told GamesIndustry.biz that the company thinks the recently-announced price drop will increase interest in the PS3.

"We think the price move is great and will help drive increased interest, particularly in light of the dual functionality as a BluRay player," said Best Buy's Brian Lucas. "It becomes a viable, cost effective option for people interested in next generation DVD."

As for the inability of retailers to keep the Nintendo Wii in stock, he added "The situation should improve over the course of the second half of the year, but it's difficult to predict when supply and demand will level out with any certainty."

Best Buy had no comment upon speculation that Microsoft would announce a similar price drop for its Xbox 360 console.