Sony Corp. is cutting the price of its PlayStation 4 in Japan by about 13 percent, increasing the prospect of a global price war with Xbox-maker Microsoft Corp.
The console will be priced as low as 34,980 yen ($293) starting Oct. 1 from the current 39,980 yen, Sony said Tuesday. The company also said its Project Morpheus virtual-reality headset will be renamed PlayStation VR, highlighting its link with the console.