Microsoft cutting price of high-end Xbox 360 - KFDA - NewsChannel 10 / Amarillo News, Weather, Sports

Microsoft cutting price of high-end Xbox 360

NEW YORK (AP) -- Microsoft Corp. is slashing the price of the high-end Xbox 360 console by $100, matching Sony's $100 price cut for the PlayStation 3 last week.

Now, both the Xbox 360 Elite and the PS3 will cost $299. The price cuts in both cases are worldwide, though the exact amounts vary by region depending on currencies.

Microsoft, which has had three versions of its Xbox 360 available at three different prices, also was to announce Thursday it is phasing out the mid-range, Pro, version of the console. It will be available for $249, down from $299, while supplies last.

The cheapest Xbox, the Arcade, which comes without a hard drive, will still cost $199.

The price cuts are effective Friday, said David Dennis, a spokesman for Microsoft.

Video game companies hope the price cuts will re-ignite sales in time for the holiday rush. For the bulk of this year, the industry has suffered from weak sales - hurt by the recession and lackluster game release schedules, which have kept consumers waiting to spend money on new titles.

The announcement from Microsoft leaves only Nintendo Co. without a price cut for the fall, at least for now. The Wii has cost $250 since its launch nearly three years ago.

Redmond, Wash.-based Microsoft has sold more than 31.4 million of the Xbox 360 machines globally, compared with 23.7 million PS3 machines sold by Sony Corp. and 52.6 million Wiis.

  • Water CoolerMore>>

  • Gross: Farm breeds 6 billion roaches a year for medicine

    Gross: Farm breeds 6 billion roaches a year for medicine

    Friday, April 20 2018 9:09 AM EDT2018-04-20 13:09:02 GMT
    Friday, April 20 2018 12:03 PM EDT2018-04-20 16:03:48 GMT

    The roaches are part of a booming traditional Chinese medicine industry. Their ground-up powdered remains are also used to treat burns, and experts claim roach milk is very nutritious.

    The roaches are part of a booming traditional Chinese medicine industry. Their ground-up powdered remains are also used to treat burns, and experts claim roach milk is very nutritious.

  • WATCH: Officer dodges fireball as house explodes

    WATCH: Officer dodges fireball as house explodes

    Thursday, April 19 2018 6:35 AM EDT2018-04-19 10:35:58 GMT
    Thursday, April 19 2018 6:35 AM EDT2018-04-19 10:35:58 GMT
    Authorities say a driver who crashed into the house ruptured a gas line, causing the explosion. (Source: Hurst Police Department/CNN)Authorities say a driver who crashed into the house ruptured a gas line, causing the explosion. (Source: Hurst Police Department/CNN)

    Authorities say a driver who crashed into the house ruptured a gas line, causing the explosion.

    Authorities say a driver who crashed into the house ruptured a gas line, causing the explosion.

  • Engaged wrestlers John Cena and Nikki Bella break up

    Engaged wrestlers John Cena and Nikki Bella break up

    Sunday, April 15 2018 11:28 PM EDT2018-04-16 03:28:15 GMT
    Monday, April 16 2018 3:20 PM EDT2018-04-16 19:20:02 GMT
    (Photo by Richard Shotwell/Invision/AP). In this Tuesday, April 3, 2018, photo, John Cena, left, and Nikki Bella attend the LA Premiere of "Blockers" at the Regency Village Theatre in Los Angeles. On Sunday, April 15, 2018, Bella tweeted that she and C...(Photo by Richard Shotwell/Invision/AP). In this Tuesday, April 3, 2018, photo, John Cena, left, and Nikki Bella attend the LA Premiere of "Blockers" at the Regency Village Theatre in Los Angeles. On Sunday, April 15, 2018, Bella tweeted that she and C...

    Engaged pro wrestlers John Cena and Nikki Bella are ending their relationship.

    Engaged pro wrestlers John Cena and Nikki Bella are ending their relationship.

Powered by Frankly