Sony has finally announced an official price drop to their PlayStation Vita handheld, revealing that gamers on-the-go in North America can now expect to see the handheld priced at just US$199, and €199 in Europe.

We're expecting a similar price movement for the Australian RRP too, but we're still waiting to hear from Sony's local contingent.

It wasn't just the portable console that will be seeing a cut in price, as Sony also promised to cut down on their proprietary memory card pricing. We'll have more as it comes to hand but for now you can check out Sony's Gamescom 2013 livestream over here where many are expecting the announcement of Sony's next-gen console, the PlayStation 4.

Update: Sony Australia has now confirmed that new local Australian pricing for the PlayStation Vita has been set at AU$269.95 .