NewsMicrosoft to Cut Xbox 360 Pro Price By $50

The Wall Street Journal reports that Microsoft will lower the price of its 20GB Pro Xbox 360 from $349 to $299 as early as July 13th. It might be announced as part of Microsoft's presentation at the E3 on July 14th.

Microsoft has lost ground to the Playstation 3 in the past year, possible because of the defeat of Microsoft backed HD-DVD which the Xbox came with versus Sony’s Blu-Ray and the 40Gigs of space versus the Xbox 360’s 20Gigs at a roughly $50 price difference. Best guess is that this might lead to Sony cutting prices on the Playstation 3 as well.

So if you absolutely must get a console, hold off for the coming price adjustment. We’ll miss you in Team Fortress 2.

Xbox Price Cut

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microsoft, sony, ps3, Xbox 360, Playstation, consumer electronics, price
NewsPlaystation 3 Helps Sony Win Blu-ray War and Lose $3 Billion

Sony's decision to slap a Blu-ray player into its Playstation 3 console helped seal HD-DVD's fate as the modern day Betamax, but the costly hardware also helped contribute to a whopping $3 billion loss in hardware sales, according to a Kotaku report. Sony's fiscal 2008 annual report also pinpointed "the large-scale investment required during the development and introductory period" as a contributing factor. Throwing salt into the financial wound, the now ancient PS2 sold more hardware than the PS3 in fiscal 2008, and nearly three times as much software. Ouch.

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console, ps3, hardware, Playstation, Videogames, PS2
FROM THE ARCHIVEDaily News Brief: Auto Pilot Software for your Car!

See what a self driving car looks like, Google to take cell phone market by open source storm, Vonage and Sprint kiss and make up, XBox 360 cuisine, and more!

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Daily News Brief, Google, Sprint, Vonage, Playstation
FROM THE ARCHIVEDaily News Brief: Win a Date with a Nerd!

Teaser: Washington State University auctions off nerds, packaging scratching Halo 3 discs, Blu-ray recorder sees 1 terabyte, Vonage loses (again), and more!

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3
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Daily News Brief, Blu-ray, Vonage, Playstation
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