Xbox 360 price drops in Europe
BetaNews | at | by Mike
Microsoft moved to lower the price of its Xbox 360 console in Europe on Monday, about two weeks after it made a similar move in the United States and Canada. In EU countries, the price of the high-end console drops by 50 euros to 349.99 euros ($470 USD), while the Core model drops 20 euros to 279.99 euros ($378 USD). In addition, the Xbox 360 Elite will premiere at a price of 449.99 euros on August 24.
The price cuts are intended to fend off stronger than anticipated competition from Nintendo and its Wii, which have been selling at a torrid pace since its release last November.