SCEE president David Reeves has revealed that internal Sony numbers indicate the PlayStation 3 is "300,000 units ahead of Xbox 360" in the PAL territories. This is in response to Microsoft claims that the 360 is outselling the PS3 in Europe. Note that both statements can be true: the 360 could be outselling the PS3 in the recent months but the total tally would show that Sony's console is still ahead.
Furthermore, Reeves disclosed to MCVUK that there are no price cuts planned for the near future. "No we are not going to go down in price; neither are we going to go down in price on PS3 in spring time either." This echoes what SCEE told Eurogamer late last month. "As soon as we got the manufacturing price down on PSOne we lowered the price. Same with PS2. But we're not doing that on PS3 -- that's not the model, even if people are expecting it." Read his full statement here.
