Xbox 360 Price Cut Imminent
Wedbush Morgan Securities analyst Michael Pachter stated in a note to investors today that Microsoft will announce an Xbox 360 price cut tomorrow at the start of the revamped E3 Media & Business Summit, which takes place all week.
He said that the price cut will affect all three Xbox 360 models. The $299 Core pack will drop to $249; the $399 Premium pack will drop to $349; and the recently released $479 Elite model will drop to $399.
Microsoft is still keeping its plans under wraps. "Microsoft has not made any announcements regarding a price cut on Xbox 360," a rep told Next-Gen in an e-mail today.
2 votes
