Microsoft reportedly to cut price of Xbox 360 to $299
LOS ANGELES (Reuters) - Microsoft Corp (MSFT.O) plans to cut the price of its best-selling Xbox 360 Pro model by $50, to $299 in the next few weeks, the Hollywood Reporter reported citing anonymous sources.
The price cut for the Xbox 360 model with the 20 gigabyte hard drive will come before the video game industry's biggest trade show, E3, taking place in Los Angeles on July 15-17, the report said.
Rumors of the Xbox price cut swirled on popular gaming blogs Joystiq and Kotaku last week. The two sites received snapshots of Kmart and Radio Shack flyers advertising the $299 price.
This is gonna make a lot more 360 units for sale, and they will probably, in my opinion drop 360 arcade to 250 and elite to 400, Sony has enough financial problems with the PS3. This is gonna make it worse for them