Sales for Sony Corp.’s Playstation 3 spiked this week said at retailer Inc. following a price cut to $249.99.

This week, the PS3 160GB SKU held a 400 percent sales increase to rank at No. 4 in Amazon’s Video Games division.

The PS3 320GB Move Bundle held a sales increase of 381 percent to rank at No. 16 in the same period.

Sony Corp. this week price cut the Playstation 3 to $249.99 effective immediately.

The hardware is now 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.

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