How much did the PS3 cost when it first came out?

When the PS3 first came out, the 20 GB model was priced at $499.99 and the 60 GB model was priced at $599.99. PlayStation 3's initial production cost is estimated to have been $805.85 for the 20 GB model and $840.35 for the 60 GB model. Sony sold the consols at a loss.