In addition, the hardware will be sold at 249 Euros in Europe and 24,900 yen in Japan.
Sony in July posted a $191 million loss in the first quarter amid lower sales of the PS3.
The company sold 1.8 million PS3 units in the quarter, down from 2.4 million one year prior.
It expects to sell 15 million PS3 units in the next fiscal year, an increase from 14.3 units.
Sony in May began sale of the PS3 160GB Call of Duty: Black Ops Bundle, which includes the PS3 160GB hardware, a copy of Activision Blizzard Inc.’s Call of Duty: Black Ops, the Call of Duty: Black Ops First Strike DLC Pack, and a Dualshock 3 Controller at $299.99.