Sony denies March 2009 PS3 price cut rumor

Another month, another PlayStation 3 price cut rumor, and once again Sony was forced to come out and deny a reduction would take place anytime soon.

The latest rumor hinted that Sony would be making the PS3 "more competitive" in March 2009, which some took to mean a price cut would take place to make the console more comparatively priced with the Xbox 360.

"There are no plans for a price reduction on PS3 in March 09, and anything reported on or discussed otherwise is purely rumor or speculation," said a Sony statement issued to .

The rumor was given life over the weekend, when online mag D+Pad reported that an anonymous Sony rep said the company would cut the price in March to mark the end of Sony's fiscal year.