Target Corp. this week price cut Sony Corp.’s Playstation 3 320GB Modern Warfare 3 Bundle by $30 in a new sales initiative.

This week, the PS3 320GB MW3 Bundle holds a sale price of $269.00, $30 off the $299.99 MSRP.

Sony in July said the company’s game division, which includes the Playstation business, incurred a $45 million loss on revenue of $1.5 billion in the first quarter amid declining sales of consoles and handhelds.

By comparison, the division held a $52.3 million profit in the same quarter one year ago.

The Playstation 3 and Playstation 2 sold a combined 2.8 million units in the quarter, down from 3.2 million from one year prior.

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