It had been largely rumored that Microsoft would be dropping the price of teh XBox 360 console by $50 and the venerable software company confirmed them with a press release today. Starting this Wednesday, August 8, the following prices will be in effect for the following versions of the system:
Read more about the price drop at GamerscoreBlog and view the official press release:
http://gamerscoreblog.com/team/archive/2007/08/06/PriceDropAug8FP.aspx
The price drop was supposed to be more significant but they packed in more freebies so it works out to be about the same. I think they’re still scared to do a real price drop because it’d be like conceding defeat. Right now, Sony’s hand was forced and their no-price-drop approach quickly changed. I think Microsoft will hold out a while now before they do the next real price drop. It’s due course, if you ask me. They’re going to lose money one way or another so they might as well get more units in more homes and hope that they can boost software sales.