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Xbox Price Cut to Clear Way for New Model

Current model slashed $50; new version to offer larger hard drive

By Sam Biddle,  Newser Staff

Posted Jul 14, 2008 2:10 AM CDT

(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.

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