The new game console will provide 33 percent more storage capacity than previous versions. This will help the users to download more games and entertainment.
One of the new version include 320 gigabytes of memory in the PS3 Sports Champions Move bundle, with a suggested retail price of $399.99. Another 160-gigabyte model PS3 will be available at a retail price of $299.99.
The latest version, 320 GB PS3 with Move motion-control game system will hit the markets by Sep 2010.
The new versions of PlayStation 3 will mark intense competition between Sony's Playstation, Nintendo's Wii and Microsoft's Xbox 360 for the supremacy electronic gaming market.