Breaking: Xbox 360 Price Cut incoming

[Bodhesatva]

ckmlb said:

Analyst Micheal Pachter said on Monday that Microsoft will, in fact, reduce the price of the Xbox 360 tomorrow at the start of the company's E3 press briefing. He believes the $299 Core will drop to $249; the $399 Premium to drop to $349; and the newly released $479 Elite to drop to $399 in response to lower-than-expected sales of all three systems.

 

 Wow, extended warranty, price drop -- nice job, MS. You were losing momentum before, but now....