Xbox 360 Price Cut Expected Soon

20 Aug 2009 at 11:51:14 by Andy Alderson

An industry analyst has stated he expects Microsoft to drop the price of the Xbox 360 Elite within a week.

Electronic Entertainment Design and Research (EEDAR) analyst Jesse Divnich told MCV he expects the price to drop to $299 USD, the same price as Sony’s PS3 following yesterday’s price cut.

“We expect Microsoft to make an official announcement, in the next week, regarding the elimination of the Xbox 360 Pro SKU and the reduction in the Elite SKU pricing to $299,” said Divnich.

“We do not know the full extent of the upcoming Xbox 360 promotion. There is a possibility that one of the systems could have a larger hard-drive at the $299 price. EEDAR, however, does not believe any disparity in hard-drive size will make a noticeable difference in how consumers value each product.”

The news follows reports earlier in the week that Microsoft may be about to raise the price of the standard Xbox 360 Arcade SKU in the UK.

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