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While it is true that Microsoft currently has 3 versions of the 360, the most important factor when assessing how good the 360 is doing is which version is selling the best.

There would be no problems if the Elite was the highest selling version. On the other hand, what if it was the Arcade?

Unfortunately, odds that the Elite is not the best selling version is quite high because before the introduction of the elite model, the 20 GB Premium and Core at launch were priced where the Elite and Pro are now. Sales of the two former versions combined were not even close to the level the 360 sales now.

Shortly after the introduction of the Elite model, sales did not show much improvement until the price cut on all models near the end of the year. Therefore, it is easier to prove that more buyers care about price than features. Then what reason is there to believe that the majority bought the Elite over the Pro and Arcade since the introduction of the Arcade version?