Breaking: Xbox 360 Price Cut incoming

[Bodhesatva]

vizunary said:

Not really "breaking" news, more like expected news.

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 (price of a PS3).

Already reaching half of their pre-installed base in less than two years isn't terrible, what do they expect? The next couple months will be interesting to see what these price drops do to sales trends, not sure if they affect xmas sales though.... Are there xmas surges in the Japanese market as well?

 Yes there are.