PSP, or the PlayStation Portable is a handheld game console marketed and manufactured by Sony. The latest version of the console, the PSP Go, was released in November 2009. It was recently announced that Sony PSP Go would soon be sold for $150 in the US. Previously priced at $200, Sony quietly decreased the price of its portable gaming console, thereby making the UMD-less portable PSP Go game console getting a $50 price reduction. Sony had proclaimed a price cut of $40 on the PlayStation Portable 3000 handheld game. Observers believe that all this is to accommodate Sony NGP that sports Quad-Core SGX543MP GPU and Quad-Core ARM Cortex A9 CPU.

Sony had announced that the price of NGP would not be $500 and it is assumed that it would be priced less than the Sony PlayStation 3 itself. 6 years ago in 2005, Sony had sold PS3 at a loss of $200 for every console; however, it is now getting the benefits of the game console hardware. According to reports, the graphical capabilities of Sony NGP are in the middle of the PSP and PSP3 game console. David Coombes, who is the platform research manager of Sony Computer Entertainment America, said that it would not run at 2 GHz. There are still some who believe that this is the best time to purchase Sony PSP Go. A major portion of the Sony’s PSP catalog still is not available online, and if you buy the PSP Go, you would not be able to play games like Crisis Core, Tactis Ogre, or the PSP remake of Final Fantasy Tactics. The NGP might probably not allow UMD trade-ups. In comparison, PSP 3000 has a bigger screen and also rests comfortably in your hands and has almost every advantage the PSP Go has, including storing downloaded PlayStation Store games on memory cards. In India, Sony had introduced the PSP Go at the start of this year for Rs 12,990 but it remains to be seen if the PSP Go would see any price cut here anytime soon.