With the Nintendo Wii retailing for $249, Microsoft now says that it is cutting the price of its Xbox consoles! This move will lower the price of its 360 Arcade by $80, to $199, and other models will see a $50 reduction, to $299 and $399.
Microsoft has lost ground over the summer to second-place Sony's PlayStation 3, and analysts noted it marked the first time a current-generation console has sold for less than the Wii.
Let's see how low those prices go before the holiday shopping season!
More at Bloomberg.
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