PSP Drops in Price to $130

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Sony Computer Entertainment America today announced the PSP will be available for $129.99 starting February 27, 2011. Since launching in 2005, the PSP system has sold more than 23 million units in North America and 67.8 million worldwide, offering more than 590 engaging titles in North America as well as access to a vast selection of downloadable content from PlayStation Network. In addition to the new price point, 13 new games will be added to the PSP “Greatest Hits” and $9.99 “Favorites” software collections.

“The PSP system set the standard for complete portable entertainment and continues to be the premiere destination for gamers on-the-go,” said Tim Bender, Senior Vice President, Sales, SCEA. “Nearly six years after its initial launch, demand for the PSP remains strong. This new price point enables us to broaden the PSP platform to a larger group of consumers who are looking for best-in-class handheld entertainment.”

As part of the PSP system’s extensive software catalog are its “Greatest Hits” and “Favorites” collections. Available for $19.99, Greatest Hits titles have surpassed an impressive sales threshold and represent the highest caliber of quality software available on the PSP system. With nearly 70 titles to date, two of the latest additions include Assassin’s Creed Bloodlines, Dissidia Final Fantasy, LittleBigPlanet, Metal Gear Solid: Peace Walker, Ratchet and Clank: Size Matters, Resistance: Retribution, and Toy Story 3: The Video Game.

Favorites titles, valued at $9.99, offer some of the PSP system’s most popular games at an incredible price. New PSP Favorites titles include Crisis Core: Final Fantasy VII, Daxter, Monster Hunter Freedom Unite, Killzone: Liberation, SOCOM U.S. Navy SEALs: Fire Team Bravo, and Tomb Raider Anniversary.