10 Generation Defining Elements of the PlayStation 3

Exorbitant Price

Most people remember a thing or two about the E3 PS3 announcements. One of them was Kaz Hirai’s excited “Riiiidge Racer!”. The other was the ludicrous 600 dollar price tag attached to the console. At double the price of the Nintendo Wii, and quite a bit more expensive than the already popular XBox 360, the PS3 lost quite a few fans to the lofty point of entry. At least Sony seems to have learned from its mistakes since, even if it was somewhat justified from the cost of production point of view (each 60GB PS3’s cost about $850 to produce at launch).