Analysts are suggesting that Sony will cut the price of the PS2 to $129 ahead of next month’s E3 Expo.

FULL STORY:

If you’re in the market for a new PS2, it might be wise to wait a few more weeks — industry analysts are saying that Sony will probably slash the price a few extra bucks to build momentum for the PS3 craze that is sure to envelop this year’s Electronic Entertainment Expo. Expect an original Xbox price drop fast on the heels of Sony’s decision.

Here’s what the analyst had to say:

“In our opinion, hardware price cuts are necessary not only to drive demand at the end of a console cycle, but also to bring the current-generation consoles within reach of more value-oriented customers,” wrote Sebastian.

• Price cut imminent for the PS2? [CNN Money]

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