XBox 360 Price Cut Expected On Sunday

Microsoft plans to cut $50 off the price of the XBox 360 Pro console. This means XBox 360 Pro Consoles will be sold at a price of $299. Microsoft is expected to announce this price cut on Sunday, July 13 just before the E3 game show in L.A. Microsoft would have introduced this price cut sooner if it wasn't for the billion-dollar write-off last year for defective XBox 360 consoles.

A year ago, Microsoft dropped the price from $399 to $349. Microsoft says they continuously cut the costs of the components in the XBox 360 consoles and passes these price cuts along to consumers.

Source: Here