Microsoft finally cuts price of Xbox 360 in the US

WinInfo | at | by Mike

After several months of increasingly dismal sales, Microsoft has finally cut the price of its Xbox 360 video game console in the United States. The price cuts not only make the console more affordable; they actually make the low-end Xbox 360 less expensive than market-leader Nintendo Wii. The price cuts go into effect Friday, September 5.

Microsoft sells three versions of the Xbox 360 and all have received a healthy price cut. The entry-level Xbox 360 Arcade, which comes with a 256 MB Memory Unit instead of a hard drive, is dropping from $279 to $199, or $50 less than the Nintendo Wii. The mainstream and best-selling Xbox 360 console, which features a 60 GB hard drive, is dropping from $349 to $299.