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Microsoft confirms Xbox 360 price drops for US

After quite a bit of speculation, Microsoft today has officially announced price cuts across the board on their Xbox 360 console in the US.

The Arcade will drop from $279 to $199, the Standard will drop from $349 to $299, and the Elite will drop from $449 to $399.

As Microsoft points out in their press release announcing the drop, “history shows that more than 75 percent of all console sales happen after the price falls below the $200 mark.”

Look for the new pricing to take effect on September 5th.

[Via CrunchGear]

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