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Xbox 360 Price Cuts Finally Official

Xbox 360 Price Cuts Finally Official

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After a lot of rumor mongering and circumstantial evidence, the Microsoft Corp. today announced it will slash prices on all 360 SKUs. Starting Sept. 5, the Xbox 360 Arcade will retail for $199.99, the 60 GB Xbox 360 console for $299.99, and Xbox 360 Elite for $399.99.

According to Microsoft, “History shows that more than 75 percent of all console sales happen after the price falls below the $200 mark.” The Xbox 360 is the first current-gen home console to get to below the $200 threshold. Maybe now is the time to “Jump In.”

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