e3 RUMOUR!!! Microsoft to slash price of Xbox 360

Quote:

$80 off Elite, $50 off Premium models to maintain pricing advantage

Following Sony's USD 100 price cut announcement, leading industry analyst Michael Pachter has gone on record predicting that Microsoft will quickly follow its rivals' lead and slash prices on all Xbox 360 models.

The Wedbush Morgan analyst expects the recently released Xbox 360 Elite to go from USD 479 to USD 399, the Premium model to see a drop from USD 399 to USD 349 and the Core system to be reduced from USD 299 to USD 249.

"We expect Microsoft to follow with a price cut of its own," said Pachter.

"Last week, Microsoft announced a slight Xbox 360 shipment shortfall and we do not believe that the company is prepared to allow Sony to erode its pricing advantage.

http://www.n4g.com/xbox360/News-50488.aspx

They alread gave 3years of warranty for free, I don't think they'll be a price cut.archpro

How about 400$ elite and 300$ premium... and no core.g4rfield

[QUOTE="g4rfield"]How about 400$ elite and 300$ premium... and no core.martin_f

Now this is a real price cut. Wow $400 bucks for a 120 gig Xbox 360 Elite.

They will have a price cut. It just depends on when it will happen. They need it before august as bioshock could help drive units alone with madden and some others.

I expect the elite to be $399, pro $329 and the core to be $249.

It will happen this year, just what month it happens is the only question.

they're only making a profit of 20-50 dollars anything so at most a 50 dollar price drop if anyRagashahs

They were making about $70 off each console in later December... 7 months later... I'm pretty sure they are making atleast$ 100 off each console by now.