Microsoft's Chris Lewis has said that any possible PS3 price drop from Sony at Gamescom next week won’t affect its plans – which are now widely expected to include a price drop of its own.

“We are in a good place in terms of the value we offer,” the Xbox EMEA VP told MCV.

“We have a plan and a rhythm we are marching to – and we won’t be knocked off that cadence in terms of what the opposition might do.”

Sony is believed to be preparing to unveil its brand new PS3 Slim next Tuesday at the Gamescom show in Germany.

In addition, MCV has been led to believe that Microsoft will be countering Sony's move with a price cut of its own – most likely scrapping the Pro Xbox 360 SKU and dropping the Elite 360 by £60 to £169.99.

http://www.mcvuk.com/news/35395/MS-PS3-Slim-wont-worry-us

this is why i hate microsoft...
everything that is good for a company microsoft has to go and ruin it by doing basically
the exact same thing. They are so un-original its not even funny.

Microsoft is in good spirits right now. A Sony price cut won't crush them.

It's unoriginal to match a price cut? What do you expect them to do, just sit there and not compete?

           Woah.......sorry, your post made me have flash backs from when Sony released the PS1 and Nintendo fans were saying the same thing.

           Ironic how the tables have turned back on Sony . 

This statement makes no sense whatsoever.  Microsoft got where they are today because of their loyalty and dedication to the Xbox 360.  There is no way they will let it slide by not reacting to a pricecut.

This is why I dis-like fanboys.  So narrow minded.

I'm pretty sure Sony isn't being very original by cutting the price in the first place. Price cuts have been around a very long time..

It's like they are playing the price is right. Sony bids 400 and MS goes and bids 401 :p

funny how

by dropping the elite price

they are basically trying to directly counter the PS3 price cut

conclusion : they still fear PS3 a lot ...

Alrdy posted a while back.....