Microsoft Strikes Back: Xbox 360 Elite from $399 to $299

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The threat from Sony’s PS3 Slim seems to have galled Microsoft into action, for the Xbox 360 is set to receive a major price cut (for the Elite model at any rate) from $399 to $299.

The cut leaves the Xbox 360 Elite and the PS3 Slim on level ground (if we ignore the moderate technical edge the PS3 possesses), with both having very similar features, though the lack of BD capability or any shiny new design suggests Microsoft will be attempting to emphasise its larger library of titles even as it hacks away at the price of its notoriously shoddy console.

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So far only US retailers have announced a cut, but presumably international price cuts will follow…

Via Hachimaki.

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