That's more expensive than many games for the PlayStation 2, which typically carry a price tag of between $20 and $40, with the most popular titles costing $50.
The higher price is likely to come as little surprise to gamers. Many have been expecting to pay more for games for the new console. The PlayStation 3 is much more expensive than those that have gone before it. It will be launched first in Japan on Nov. 11 in two versions, the cheapest of which will cost 49,800 (US$425). Six years ago, when the PlayStation 2 went on sale, it cost 39,800.
Still, the prices could be good news for some. Gaming sites were abuzz with rumors from last weekend's Tokyo Game Show that PlayStation 3 software was going to cost around $100, although no such announcements were made at the show.