Sony Computer Entertainment will drop the PS3 price in Japan on August 28.
The price of the 500 GB 'Charcoal Black' super slim PS3 will drop from 30,837 yen (£180) to 28,058 yen (£164). It will also come in the form of a new model PS3, labelled CECH-4300C, Siliconera reports.
The existing Charcoal Black models (500 GB CECH-4200C and 250 GB CECH-4200B) will be discontinued this month, as will the 250 GB 'Classic White' model (CECH-4200BLW).
A representative for PlayStation's European arm told us that today's news is Japan specific and the company has nothing to announce regarding any similar plans.
PS3 launched in Japan and the US in November 2006 and in Europe in March 2007. Worldwide PS3 sales to retailers had cleared 80 million units as of November 2013.
Japanese PS3 sales stand at just over ten million units, according to data from retail monitor Media Create, which was published on NeoGAF. The older console regularly outperforms PS4 on the weekly hardware sales chart in Sony's home country.
Sony has shut down online servers for a handful of first party PS3 games this year. MAG, SOCOM Special Forces and SOCOM Confrontation online features were disabled in January, while Gran Turismo 5's were switched off in May.