Retailer Inc. this week price cut Sony Corp.’s Playstation Sharp Shooter for the Playstation 3 to under $20 in a permanent reduction.

The Playstation Sharp Shooter now holds a retail price of $19.99, $20 off the previous $39.99 MSRP.

The Sharp Shooter is an attachment that houses the Playstation Move in the barrel and the Navigation Controller in the bottom handle.

Sony in May recorded a $2.8 billion loss in the Playstation division due to declining sales of console and handheld products.

For the fiscal year ending Mar. 31, 2012, the PS3 sold 13.9 million units, down from 14.3 million in 2011. It sold 1.9 million units in the quarter.

PS3 software sales increased 8.7 million units in the year to 156.6 million units.

It expects console sales to fall to 16 million units next fiscal year.

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