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