Microsoft shrugs off PlayStation 2 price cut

If you were holding your breath for Microsoft's response to the PlayStation 2's recently announced $99 price point, it's now safe to exhale -- Microsoft vice-president of interactive entertainment business Chris Lewis recently issued a calm, cool and collected statement regarding the discount, stating, "The future lies in the growth of current generation consoles," a future in which he's confident the Xbox 360 will continue to trump the PS3.

Considering the original Xbox has been discontinued for nearly three years, Microsoft hasn't had a horse in the sixth-generation race for quite some time now. Still, it'll be interesting to see if the bargain-priced PS2 can take a bigger chunk out of current-gen console sales in light of the not-so-awesome state of the economy.

This article was originally published on Joystiq.