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Xbox 360 price drop, new model officially announced

The evidence pointing to a price cut for Microsoft’s Xbox 360 video game console was impossible to ignore and today Microsoft went ahead and made it official.

The current Xbox 360 Pro which comes with a 20GB hard drive will now sell for $299, down from $349. Additionally, a new Pro model was announced that will feature a 60GB hard drive and will take the $349 price point.

The new 60GB version will go on sale next month. For more info check out the press release here.

The drop to $299 makes the Xbox 360 cheaper than the Sony PlayStation 3 and just $50 more than the Nintendo Wii. No price drop is expected for either the PS3 or Wii.

[Via Reuters]

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