According to some rumors on blogs, Sony may reduce the price of PS3 starting from April, with a maximum price cut of up to $100. This would mean that the price of the 80GB version of the PS3 would reach around $300. Another rumor comes from an analyst at Morgan Wedbush who claims that Microsoft will reduce the price of Xbox 360 by another $50 at the E3 exhibition in 2009 (June), bringing the price of the Xbox 360 down to the $250 mark.