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October 11, 2008 1:28:40 AM CDT

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Xbox Price Cut to Clear Way for New Model

Posted Jul 14, 08 2:10 AM CDT in Business,  Technology 

(Newser) – Microsoft is slashing the price of its Xbox 360 video game system to clear shelf space for a new model with a larger hard drive, the Seattle Post-Intelligencer reports. The long-rumored price reduction knocks $50 off the $350 price of the 20-gigabyte model. The new pricetag places the Xbox 360 at $50 more than Nintendo’s wildly popular Wii system, and $100 below Sony’s Playstation 3 console.

Source Seattle Post-Intelligencer

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Microsoft is temporarily cutting the price on their 20GB Xbox 360 to phase out the model.   (AP Photo/Paul Hawthorne, XBox 360)
Microsoft is temporarily cutting the price on their 20GB Xbox 360 to phase out the model.   (AP Photo)
Microsoft is temporarily cutting the price on their 20GB Xbox 360 to phase out the model.   (AP Photo/Koji Sasahara)
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