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Xbox 360 price drop on July 6th?

kmart_xbox_360_price_drop.jpg

Retailer Kmart seems to have let the cat out of the bag on this one–according to a scan of their sales circular for the week of July 6th that was posted to High-Def Digest, the Xbox 360 will be getting new price of $299 for the Premium system with a 20GB hard drive, down $50 from what you’d pay right now.

No word yet on whether the price of the Elite and Arcade models will also be getting a price drop…maybe this move is to make room for a new SKU with a larger hard drive?

If the price of the Arcade model currently at $279 doesn’t drop too there’s not much reason to keep it in the line up with just a $20 price difference between the Arcade and the Premium (assuming, of course, that this price cut is legit).

[Via Gizmodo]

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