Microsoft cut Xbox 360 prices on all three of its console versions today. The $50 price cuts mean that Microsoft will have the cheapest new console on the market in the form of the Xbox 360 Arcade, which will now cost $199 compared to the $249 Nintendo...

Microsoft cuts 360 to $199 in throwdown with Sony

By Ben Kuchera | Published: September 03, 2008 - 08:10PM CT

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Ars Technica may have had the story around a month ago, but it's nice to make it official: Microsoft will cut the price on Xbox 360 models by as much as one-third, starting Friday. Expect $50 to be cut from the Pro and Elite models of the hardware (that's about 11 to 14 percent off), and a big $80 off the Arcade model, nearly 33 percent. That carefully plotted discount puts an Xbox system on the market at $50 less than the Nintendo Wii. 

Here are the new prices for Microsoft's line of systems:

• Arcade (no hard drive)  $199
• Pro (60GB) $299 
• Elite (120GB) $399

This also puts two models of the hardware below the price of the PlayStation 3, with the Elite model going for the same amount as the now-ubiquitous $399.99 80GB system—while offering 40GB more in storage. Whether or not...
Click here to read the content (Source Ars Technica)