With the Sony PS4 set to launch later this year, we’re sure that many gamers who have no plans to pick up the console are looking forward to potential price cuts of the Sony PS3. This is more or less expected since we expect Sony will want to get rid of older stock while focusing on sales of the PS4. However gamers looking to pick up a PS3 console for themselves on the cheap will be disappointed. According to the PlayStation UK’s marketing director, Fergal Gara, there are no plans for a PS3 price cut yet. Speaking to the folks at GamesIndustry International, Gara was quoted as saying, “The PlayStation 3 is a system where it hasn’t been particularly easy to get the costs down,” which might be why the company has no plans for a price cut just yet. This does not mean that there will not be any price cut as Gara stated that Sony will continue exploring opportunities, but just don’t expect one anytime soon. As it stands, the PS3 retails for $300 while the PS4 will be priced at $400 when it is released later this year.