 Xbox 360 Elite Price Cut (Source: Kotaku)
Rumor has price cut coming on August 30
The game console market is not doing
as well as it once was and the more expensive consoles are especially
feeling the pinch of the poor economy. The Nintendo Wii at $249 still
reigns supreme when it comes to sales and the PS3 remains the most
expensive of the game consoles.
There have been rumors
swirling this week that the Xbox 360 Pro would go the way of the
dinosaur and the Xbox 360 Elite would be reduced
in price to replace it. The rumor has the Elite being cut to the
$299.99 effectively pushing the Xbox 360 Pro out of the lineup.
This will mean that only two Xbox 360s will be offered from
Microsoft: the Arcade and the Elite. A picture of a catalog from
Meijer due to hit on August 30 has been leaked that shows the $299.99
price tag for the Elite. No official statement on the retirement of
the 360 Pro or a price cut for the Elite has been offered from
Microsoft at this time.
Microsoft may be cutting the price of
its console, but Sony has not. There have been persistent rumblings
that Sony will drop the price of its PS3, but so far, that has not
happened.
Rumors cropped up earlier this month
that the rumored PS3
Slim would be debuting on August 18 and that a price cut may come
along with the new console.
"There's no chance that the iPhone is going to get any significant market share. No chance." -- Microsoft CEO Steve Ballmer
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