Price cut rumored for next week
The game console wars are hot and with the poor economy, the fight for the dollars that consumers do have to spend is more intense. Sony has been under significant pressure to drop the price of its PS3 console. Sony finally gave into the pressure to cut costs when it announced the new PS3 Slim at $299.99.
Engadget reports that it has confirmed that Microsoft will be cutting the price of its Xbox 360 console to undercut Sony's new PS3 Slim price. According to leaked images of a Target ad said to be coming next week, the new Xbox 360 Pro console will sell for $250 and the 120GB Elite console will sell for $299.
Sony may finally get the break in the console market it needed with the new PS3 Slim and its $299 price point. It's going to be hard for gamers without a console to overlook the Blu-ray value of the PS3 Slim at only $50 more than the cheapest Xbox and the same price as the more expensive Xbox version. Things may well be looking up for Sony in an ever tougher environment. The announcement also helps confirm that the Xbox 360 Arcade is going the way of the Dodo.
"We don't know how to make a $500 computer that's not a piece of junk." -- Apple CEO Steve Jobs
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