Wednesday, July 2nd 2008
Microsoft Slashing the Price of Xbox 360 Console Variant
Industry sources confirm that Microsoft will be cutting the prices of its popular Xbox 360 gaming console variant, the 20GB Pro by US $50, bringing it down to US $299. A major retailer said that this move would come in before E3 which runs July 15-17 in Los Angeles.
The previous price-cut to this console was during the launch period of Halo 3, where the price cut from $399 ro $349. This slash is more of a ploy to increase the product's competitiveness against the Nintendo Wii while also making it a good deal over the Blu-ray-equipped PlayStation 3 in terms of market share, even so with the holiday season around the corner. While Sony could be pondering its own price cut, the consumer electronics giant did note recently in an annual report that the PlayStation 3 has cost the company $3.3 billion since its late 2006 launch because of a strategic decision to sell the system for less than it costs to make.
Source:
The Hollywood Reporter
The previous price-cut to this console was during the launch period of Halo 3, where the price cut from $399 ro $349. This slash is more of a ploy to increase the product's competitiveness against the Nintendo Wii while also making it a good deal over the Blu-ray-equipped PlayStation 3 in terms of market share, even so with the holiday season around the corner. While Sony could be pondering its own price cut, the consumer electronics giant did note recently in an annual report that the PlayStation 3 has cost the company $3.3 billion since its late 2006 launch because of a strategic decision to sell the system for less than it costs to make.
16 Comments on Microsoft Slashing the Price of Xbox 360 Console Variant
just when i thought my life wouldnt get any better, now they are reducing the price down by 50 bucks, thats around a weeks less of part-time work for me !! yay lol :D
anywayz, i might just go and pick myself a 360 along with GTA, Halo 3 and probably ninja gaiden and maybe nfs pro street ?!
thnx for that news, you made my day much better !!
Anyways Good for Microsoft its about time we saw them making some price cuts. Although I have been wondering if Microsoft is just scared to drop the 360 price below the Nintendo Wii at least here in the US (not talking about Europe here). Heres to hoping that they will be dropping the price of the 120 GB harddrive soon or better yet offer an even bigger harddrive for the same amount of money (I would love to see a 200GB harddrive for the 360)