http://www.mcvuk.com/news/26631/PS3-slashed-to-under-390
The online retailer is currently selling Sony's new console at an unprecedented £387.87
"PS3 performed well pre-launch and the first week of release, but since then sales have dropped considerably," said Gameseek boss Stephen Staley. "I am sure the deal will help matters. I personally believe the cuts are down to overstocking from launch. Credit goes to Sony for supplying for all of the demand, however this has left most retailers with alot of stock and with the consoles costing around £400 you can imagine, its not healthy for any business to have alot of PS3 consoles gathering dust in a warehouse."
Gameseek has even resorted to selling at a loss to boost PS3 demand.
I thought PS3 was doing good in Europe...
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