"For the second time in a couple months Microsoft has reduced the price of the XBox 360 in an attempt to improve lagging sales. Even with the earlier price reduction and the release of Microsoft's highly anticipated Halo 3 the Nintendo Wii recently passed the XBox 360 in worldwide sales inspite of being on the market for a full year less than the XBox 360 ..."
"... Microsoft has had problems with manufacturing and has had an unusually high failure rate on their system which has impacted sales. The main problem, nicknamed the 'red ring of death' on fansites has been reported to cause failures in up to 1/3 of systems. Microsoft recently increased their warranty to last 3 years at a cost of $1 Billion in response to these problems. ..."
Basically, if Microsoft does two price reductions within 6 months I can write how major news agencies will report on it ... Their stories will make it sound like Microsoft is desperate to sell as many XBox 360s before their product disapears due to poor sales and hardware problems.
