The 250GB PlayStation 3.

Sony

Starting November 3, consumers will be able to purchase a PlayStation 3 with a 250GB hard drive, Sony announced on the official PlayStation blog.

The console, which will sport the same slim look as the 120GB device, will sell for $350.

Sony says the PS3 has sold 1 million units worldwide in the first three weeks following the launch of the lighter console, which also experienced a significant price drop from $399 to $299.

Industry analysts have predicted the moves by Sony will propel the PS3 to the top of hardware sales for the month of September. Official sales figures will be released Monday by market research firm NPD Group.

Readers, has the lower price spurred you to buy or consider buying a PS3?

By Brett Molina