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Sony Computer Entertainment America (SCEA) has denied rumours that it plans to reduce the price of the PS3 during early 2009.
The denial follows a report on D+Pad citing an anonymous source who was supposedly present at Sony Europe's annual meeting last week.
The source claimed that the company intends to drop the price of the PS3 during March 2009 in an attempt to make the console "more competitive".
However, a SCEA spokesperson told Edge Online: "There are no plans for a price reduction on [the] PS3 in March 2009, and anything reported on or discussed otherwise is purely rumour or speculation."
