Xbox 360 price dropping to $299

[IronBuckI]

I still haven't decided which way to go on the Xbox v. PS3. I was almost ready to pull the trigger on the PS3, but this is making me re-think. Sony is reporting that they have no intention to lower their price.

Reuters

UPDATE 1-Microsoft to cut price of Xbox 360 to $299 - source

SEATTLE, July 10 (Reuters) - Microsoft Corp (MSFT.O: Quote, Profile, Research) is set to cut the price of its best-selling Xbox 360 Pro model to $299 from $349, a source briefed on the matter said on Friday.
Microsoft plans to lower the price of the Xbox 360 model with the 20 gigabyte hard drive this weekend before the video game industry's biggest trade show, E3, taking place next week in Los Angeles.
cont'd

 

[Dryden]

Sony is reporting that they have no intention to lower their price.

I read that on Kotaku this morning also. I don't buy it. They cannot afford to be $100 over the 360. Although, Sony said the exact same thing last year right up to the same day they shifted the old stock under the old price schemes, lowering the price and bringing out a new bundle at the top end.

 

[buckeyefool]

Xbox 360 to be Lowest-Priced Next-Gen Video Game Console - Page1 -  MSN Tech & Gadgets - Products
But Microsoft said Wednesday that it will drop the price of the Arcade on Friday to $199, breaking through what some have said is the all-important psychological price level of $200. At that price, industry observers say, the market opens up to mass levels of consumers.

Microsoft will also drop the price of its 60GB Xbox to $299 and its "Xbox Elite," which has a 120GB hard drive, to $399.