Despite imminent PlayStation 4 launch, now is a great time to buy the PlayStation 3

Gamers around the world are excited for the holidays following Sony’s (SNE) recent PlayStation 4 unveiling, but not everyone will want to shell out an estimated $500-$600 on the company’s new console. As such, budget-minded gamers who aren’t afraid to adopt a current-generation system on the eve of a new launch will be happy to know that PlayStation 3 pricing is likely about to plummet.

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“The PS3 was officially announced by Sony at E3 in May of 2005. Prior to its announcement, deals for the PlayStation 2 had been averaging $160,” Louis Ramirez of deal aggregation site Dealnews wrote in a recent post on the company’s blog. “After the PS3′s announcement, the PS2 dropped to an all-time low of $129, or 56% off its full retail price. At the time, that price was unheard of for the PS2.”

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And if you can wait a little longer to pick up a new PlayStation 3 console, you’re in for even more savings.

“Fast forward to the PS3′s actual release to customers in November of 2006, and the PS2 dropped in price again; this time it fell to a new all-time low of $116, or 61% off the full retail price,” Ramirez continued.

Dealnews expects sale pricing on the 160GB PlayStation 3 to fall to as low as $144 in the coming months, or 64% off the current retail price.

Finally, those looking to purchase a brand new PS4 once it launches later this year might want to fight the urge to be an early adopter. According to Dealnews, gamers who wait just two months to purchase the PlayStation 4 once it launches could save as much as 14% through various deals.

This article was originally published on BGR.com