Locked: Microsoft cuts Xbox 360 price.....in Canada

Tommie

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Tommie on 20 February 2008

Microsoft cuts Canadian Xbox 360 console prices

TORONTO (Reuters) - Microsoft Corp (MSFT.O: Quote, Profile, Research) announced late on Wednesday it will cut the prices of its Xbox 360 video-game consoles as it continues to battle Nintendo's (7974.OS: Quote, Profile, Research) Wii and Sony's (6758.T: Quote, Profile, Research) PlayStation 3 for dominance of the gaming market.

Microsoft said it would cut the price of the Xbox 360 console to C$349 from C$399, while the premium Elite model with a larger hard drive would drop to C$449 from C$499. The more basic Arcade model is dropping to $279 from C$299.

($1=$1.01 Canadian)

(Reporting by Wojtek Dabrowski; editing by Rob Wilson)

http://www.reuters.com/article/technologyNews/idUSN2039682920080220

No word yet on an possible American/European price cut. Smart move though if this will go in effect worldwide. Xbox 360 is losing terrain big time and it is 'bout time Microsoft reacts!

You aint found shit!