Xbox 360 Gets Price Cut

The price cut tag gets a warm welcome today as Larry "Major Nelson" Hryb has finally confirmed what has circulated the retail world for several weeks: the Xbox 360 will soon be cheaper.

In line with previous predictions, the new prices are as follows:

  • Xbox 360 Arcade (No Hard Drive): $199, down from $279
  • Xbox 360 Pro (60GB HDD): $299, down from $350
  • Xbox 360 Elite (120GB HDD): $399, down from $449
The price cuts are effective Friday, September 5. Meanwhile, eyes are on Sony to see if it will respond in kind. The rival console maker has denied that it will lower prices on its PlayStation 3 system this year, but hardware manufacturers often slash prices in response to competitors' cuts.