Following Japan and US price drops for Sony's PlayStation 4 (PS4), Europe will also get a reduced price on the console. Sony confirmed the news on its Europe blog.

"If you haven't made the jump to next-gen yet then we have some good news for you. We are pleased to announce that from today the 500GB PS4 will be available across the SCEE [Sony Computer Entertainment Europe] region from the new low price of EUR 349.99/ GBP 299.99 (RRP)," the post reads.

(Also see: PlayStation's India Head on PS4 Price Drops, the 1TB PS4, Sony's E3 Announcements, and More)

An EUR 349.99 (around Rs. 25,950) RRP or recommended retail price applies to Benelux, France, Ireland, Italy, Portugal, Spain. Australia has an RRP of AUD 479.95 (almost Rs. 22,575); New Zealand an RRP of NZD 569.95 (nearly Rs. 24,500); UK an RRP of GBP 299.99 (approximately Rs. 30,200); Austria and Germany an RRP of EUR 349.95 (roughly Rs. 25,950), and United Arab Emirates an RRP of AED 1,399 (close to Rs. 24,825).

(Also see: Expect a Price Drop for the PS4 in India Soon)

As for India? Well, we exclusively reported that a price cut would hit in mid-October. However, Sony India takes its cues from the European office (what with release dates of consoles, games, and peripherals being inline with European release schedules) which ostensibly has led to delays in announcing a price drop. Retailers in the country are expecting an announcement from Sony on Thursday with regards to the price drop (which you can expect to be around Rs. 5,000 on the current price of Rs. 39,990) and availability at the end of the month along with the 1TB PS4 console. There's been no clear indication on what bundles to expect though, aside from the fact that both PS4 consoles will indeed be available with games.

(Also see: As Sony's PS4 Turns 1 in India, Is It a Good Time to Buy?)

Despite the glaring lack of exclusives and higher price, the PS4 has been dominating the sales charts the world over. In comparison the Xbox One hasn't seen as much success as it should, never quite completely recovering from its poor 2013 launch which had gamers outraging the world over. Tragic given that it's improved tremendously since then.