Sony will lower the American price of a PSP-3000 by forty dollars to $129.99 on 27th February.
Will Sony Europe follow suit?
"We have nothing to say at this time regarding the price of PSP within the SCEE region," Sony Europe told Eurogamer this afternoon.
"PSP has been performing particularly well in Europe so far this year, and we look forward to sharing some exciting plans that we have for PSP throughout the year."
Here, a PSP-3000 costs 129.99 pounds, not dollars.
In conjunction with the US price drop, Sony will add various new titles to the discount Greatest Hits and Favourites ranges. These include Metal Gear Solid: Peace Walker, Resistance: Retribution, Monster Hunter Freedom Unite and Killzone: Liberation.
Sony also promises a new advertising campaigns for telly and digital to drive awareness to the new price.
The PSP is six years old. Sony unveiled its successor, the Next Generation Portable, earlier this year. The launch of its new handheld is expected later this year. Sony hasn't announced a price, but claims it learnt its lesson from an inflated PS3 launch price of $599.