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Sony plans slimmer PlayStation 3 before year's end

Hiroshi Kawano, president of Sony Computer Entertainment Japan,

Photo credit: Bloomberg News | Hiroshi Kawano, president of Sony Computer Entertainment Japan, with the company's PlayStation Vita handheld game players during a news conference in Tokyo. Sony will sell a smaller, lighter version of the PlayStation 3 console this holiday shopping season. (Sept. 19, 2012)

Sony Corp. is introducing a smaller, slimmer and lighter version of its PlayStation 3 home console ahead of the year-end holidays as it gears up for growing competition in games from smartphones.

The announcement Wednesday from the Japanese electronics and entertainment company comes a day ahead of the annual Tokyo Game Show, where game makers show their wares. But the iPhone 5 smartphone...

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