Tuesday, August 7, 2007
Microsoft cut price for its Xbox 360 video game consoles by up to $50 in an effort to keep pace with similar moves by rival Sony.
The 20-Gbyte version of the Xbox 360 will carry a $349.99 price tag and the basic Core system will sell for $279.99, representing $50.00 price cuts for both models starting Wednesday. The high-end, 120-Gbyte Xbox 360 Elite system will retail for $449.99, a $30.00 reduction.
Microsoft also said it will debut in September a special Halo 3 edition of Xbox 360 priced at $399.99 and featuring a Spartan green-and-gold finish with matching, wireless controller.
Sony last month cut the price of its 60-Gbyte PlayStation 3 by $100, to $499. The Japanese electronics maker also introduced an 80-Gbyte version priced at $599. To date, Nintendo has held firm on pricing for its new Wii video game system, but could now be forced to make a move.
Microsoft said it timed the price cuts to roughly coincide with next week's launch of EA Sports' Madden NFL '08 video football game.
By: DocMemory
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