Xbox 360 Price Cut, FT claims
March 10th, 2008 at 5:06 pm by MattIt appears that Microsoft might be feeling the pressure from it’s main rival the PS3; especially now that HD-DVD
has lost, and the PS3 is currently the best value Blu-ray player.

The German edition of The Financial Times is claiming the Xbox 360 Arcade has dropped by EUR 80 across Europe, GamesIndustry.biz reports.
That takes it down to EUR 199, while the Premium console package will sell for EUR 299 - down from EUR 339.
The report made no mention of the Xbox 360 Elite, which is currently on sale for around EUR 449.
Microsoft has yet to confirm the price cut officially.
Last week the retail community suggested a price cut was due, with some reports indicating all models would drop by EUR 50 on 14th March.
Lowering the Xbox 360 Arcade price to EUR 199 would make it the cheapest console in the market: EUR 50 below that of Nintendo’s Wii.
Microsoft has yet to respond to requests for comment.