Microsoft Corp. is slashing the price of the high-end Xbox 360 console by $100, matching Sony’s $100 price cut for the PlayStation 3 last week.
Now, both the Xbox 360 Elite and the PS3 will cost $299. The price cuts in both cases are worldwide.
Microsoft, which has had three versions of its Xbox 360 available at three different prices, also announced Thursday it is phasing out the mid-range Pro version of the console. It will be available for $249, down from $299, while supplies last. The cheapest Xbox, the Arcade, which comes without a hard drive, will still cost $199. The price cuts are effective today, said David Dennis, a spokesman for Microsoft.
Video game companies hope the price cuts will re-ignite sales in time for the holiday rush.
Associated Press
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