According to Reuters, Capcom’s CFO Kazuhiko Abe predicted a price cut for the PS3 just in time for the holidays. The Playstation 3 has been faltering in sales in comparison to the Nintendo Wii and XBox 360, largely do to its larger than life price. Considering that Sony is already losing money on each unit sold, this price cut brings Sony’s profit margin on the PS3 even deeper in the red. The good news is that some awesome games are scheduled to release on the Playstation 3 soon, but will it be enough (with the price cut) to put Sony on the forefront again? Either way, that thing is way too expensive and needs a price cut. This is awesome news for consumers who don’t give a crap about the XBox 360 and can’t find a Wii to save their life.