Sony cuts cost of PSP

February 25, 2011 3:56:31 PM PST
Starting on Monday, Sony is cutting the price of its popular PSP handheld by $40

It will now sell for $130.

This comes about a month after Sony unveiled its long-awaited, next generation handheld which for now goes by the code name NGP.

That stands for "Next Generation Portable."

Sony is also cutting the price of its many of its popular PSP games to between $10 and $20.