Xbox 360 price cuts arrive Wednesday

BetaNews | at | by Mike

Confirming earlier speculation, Microsoft on Tuesday announced price cuts on the Xbox 360 that will take effect tomorrow..As rumored in late July, pricing on the Xbox Premium will be lowered by $50, the Elite by $30, and the Core system by $20. The new pricing places the three consoles at a price of $349, $449, and $279 USD, respectively.

For the moment, the changes will reach United States consumers only. Microsoft says, "We will announce other regional price decreases at the appropriate time," but declined to provide further specifics.