Nearly a year into the PlayStation Vita’s lifecycle, the powerful handheld isn’t exactly selling like hotcakes. However, Sony has acknowledged this, and has announced plans to cut the system’s price as early as next year.

Speaking with Eurogamer in an interview, Sony UK’s vice president Fergal Gara stated that while the company has no plans to drop the price of the system for the upcoming holiday season, there are currently discussions regarding lowering the Vita’s price point, which is currently at $249.99 for a Wi-Fi-only model, or $299.99 for a Wi-Fi- and 3G-capable model in the United States. However, the company has yet to determine when such a price drop will occur, though Gara stated that the drop could go into effect as early as next year.

A price drop could definitely help the system achieve greater success. While the Vita is powerful for a handheld gaming system, the high price point and lack of “must-have” titles can be seen as setbacks. Would you buy a Vita if it was sold at a lower price? Let us know in the comments section below.

Source: Eurogamer