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Sony Computer Entertainment has set the price of their new slim line PS3 gaming console at $499 which is $132 dearer than the same console in the USA.

No explanation has been given as to why Sony is setting the price so high in Australia where they are losing market share to both the Xbox 360 and Nintendo Wii.

In the past, Sony has sold their PS3 console for $699 when the same unit has been selling in the USA for $399. 

 The new console will go on sale in September in major retailers.

 The PS3 Slim will ship with a120gb hard drive, as expected and is 32% smaller, 36% lighter, with 34% less power consumption.

“The internal design architecture of the new PS3 system, from the main semiconductors and power supply unit to the cooling mechanism, has been completely redesigned, achieving a much slimmer and lighter body,” Sony has announced.

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