
There have been reports going around that price of the Xbox 360 Pro (Premium) console – Microsoft’s volume system – will drop by $50 from $349.99 to $299.99, and I guess it's true! On Best buy, KMart and GameStop - people have been posting the reduced prices all over. All this begins today! July 13 Sunday. The $450 Elite system though will remain at the same price.
Two possible reasons for the price cut may be
- Competition - it can't be helped Wii and PlayStation is just kicking ass! The innovation and marketing may just be too much for Microsoft to handle, a price cut might give them a spike in terms of sales.
- Lower costs - production costs have said to go down recently, enabling them to lower selling price as well. This was also the supposed reason for Apple price cut some months ago