Microsoft cuts Xbox price by $30

Reuters | at | by Mike

Microsoft on Monday cut the price on its Xbox video game console, in an expected move seen as a boost to the game publishing industry ahead of its biggest gathering of the year.

Microsoft, based in Redmond, Washington, cut the Xbox price to $149.99 from $179.99 and also trimmed prices on software such as the karaoke game "Xbox Music Mixer," "Project Gotham Racing 2" and "Crimson Skies: High Road to Revenge."

The Xbox price cut is effective Tuesday, while the software cuts take effect Monday and Tuesday. The Xbox was released at $299 in November 2001.