Microsoft Xbox Also Slashing Off Price After PS3

August 28th, 2009 at 12:00 am

Xbox 360 Elite

Probably in a move to go along with Sony’s PlayStation 3 price cut, Microsoft is also doing the same with its Xbox 360 Elite console. There were speculations surrounding Microsoft also getting to cut down the price of their own gaming console and it was confirmed by the announcement the company released on the Xbox site

The Xbox 360 Elite will enjoy a price slash of US$100, putting it at US$299.99 retail and in line with the US$299 Sony PS3 Slim. Not only that, the Xbox 360 Pro would also enjoy a US$50 price reduction, pegging its retail price at US$249 while supplies last.  There’s also the Xbox 360 Arcade console that would be available for quite an attractive price of US$199. 

Both companies have slashed their prices in time for the upcoming holiday season. Aside from that, it may be a means to keep consumers interested in a gaming industry that has recently gone through a rough time for several months now. Cutting prices back on their gaming consoles may just help some consumers hit with the economic recession consider buying them for the coming holiday season. People might now be expecting what Nintendo might do now that its main competitors have cut back the prices of their gaming consoles. Will the Nintendo Wii follow suit or will it stand on its own and rely on its current lead for additional sales for the upcoming holidays? We’ll just have to wait and see.