With Eye on Xmas, Microsoft Cuts Xbox Price

Maker of game console puts pressure on rival Sony to go lower
By Will McCahill,  Newser Staff
Posted Sep 1, 2008 1:24 PM CDT
Sony is likely to feel pressure to cut the price of its PlayStation 3, which currently goes for $399 in the US.   (AP Photo)
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(Newser) – Microsoft appears to have fired the first shot in a new round of game-console price cuts, the Financial Times reports, trimming the cost of its Xbox 360 today in Japan. It plans to do likewise shortly in the US. In Japan, the Xbox now costs $184—less than half the price of rival Sony’s PlayStation 3—and Microsoft is primed for a Christmas bonanza unless Sony follows suit.