360 Misses Shipping Targets by 400k

[Dolla Dolla]

rocketpig said:
I think it's blatantly obvious that the 360 needs a price drop. The number of people out there who don't own a 360 and are willing to spend $400 on a console are dwindling. Most have either picked one up or are waiting for a $200/300/379 price point.

I think they could easily get away with 199/299/399 to make some extra back on the elite console.

The question is, after missing shipping targets, and announcing a potentially 1 billion dollar loss to cover 3 years worth of warranty on an unnamed amount of consoles, will they be dropping the price this soon, or wait a bit longer? I figured they'd be reactionary to a PS3 price cut, but after said events, I think they may sit back and see how well the PS3 numbers pick up before deciding if they have to cut.