Original URL: http://www.reghardware.co.uk/2008/03/10/microsoft_confirms_xbox_360_price_cut/
If news of the recent Blu-ray talks between Sony and Microsoft (http://www.reghardware.co.uk/2008/03/07/sony_apple_microsoft_in_bluray_talks/) has got you thinking about buying an Xbox 360, just hold off for a few days and you’ll save yourself a few quid.
Microsoft's Xbox 360 Elite: £40 cheaper by the weekend
Microsoft today confirmed that, from 14 March, a new European pricing plan will come into force. The basic Arcade unit will be cut from £200 to £160 (€210/$320) and the Premium model will retail for £200 (€260/$400) instead of £250. The all-singing, all-dancing Elite will be cut from £300 to £260 (€341/$520).
Rumours of a price drop did the rounds online last week, but confirmation from Microsoft is welcome all the same.
Chris Lewis, Microsoft’s Interactive Entertainment Business VP for Europe, said that £160 is point where a console’s audience “begins to expand” - and sales rocket like the Wii's did, he hopes.
Microsoft’s price-cut brings the three Xbox 360 models closer in line with the PS3 and all-conquering Wii. Sony’s 40GB PS3 currently sells for around £300 (€390/$600), while the Nintendo console costs about £180 (€235/$360). The PS3 has the advantage over the Xbox 360 of being a games console and a Blu-ray Disc player, making it a popular choice with both gamers and movie fans alike.
Following HD DVD’s official death last month, Microsoft has canned production of its HD DVD add-on drive (http://www.reghardware.co.uk/2008/02/25/ms_axes_xbox_360_hd_dvd/), which has fuelled speculation that it will develop either a new Xbox 360 model with built-in Blu-ray drive or, more likely, create a new add-on drive.
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