Microsoft drops the price of the Xbox 360 by $50.

Considering the glee with which Sony stuck it to Microsoft with repeated price drops during the hey day of the Xbox vs PS2 it must be quite satisfying for Microsoft to be able to turn the tables these days. They just announced their first price drop for the Xbox 360:

“The fact that we have been able to keep our launch price longer than any other console while retaining our leadership position demonstrates that consumers believe in the value of Xbox 360,” said Mitch Koch, corporate vice president, Global Retail Sales and Marketing Group, Entertainment and Devices Division at Microsoft. “On the eve of the best holiday games lineup ever and the launch of ‘Madden NFL 08,’ there has never been a better time to jump into Xbox 360.”

Xbox 360 will enhance the value of its entire family of consoles beginning on Aug. 8. At a new ERP of $349.99 (U.S.), Xbox 360 offers an unsurpassed experience right out of the box with a 20GB hard drive, wireless controller, Xbox 360 headset, and more. For those looking for the ultimate value and the freedom to customize their console as they see fit, Xbox 360 Core System now has an ERP of $279.99 (U.S.). Xbox 360 Core System provides everything needed to start gaming while giving consumers the ability to add new features and accessories they want. Dressed in black and equipped with a 120GB hard drive, Xbox 360 Elite will be priced at an ERP of $449.99 (U.S.) for those who want the premium games and entertainment experience. In anticipation of this year’s largest blockbuster game launch, the Xbox 360 Halo® 3 Special Edition Console will hit store shelves in September with an ERP of $399.99 (U.S.). Featuring an authentic Spartan green-and-gold finish, this console will include a matching Xbox 360 Wireless Controller, Xbox 360 20GB hard drive, Xbox 360 Headset, an Xbox 360 Play and Charge Kit, and more.

It helps that this is a real price drop as opposed to Sony’s 60GB PS3 clearance sale. Still not quite cheap enough for me to rush out and buy one, but it’s getting closer. If you’ve been holding off in hopes of a price drop then your wait has been worth it.

2 thoughts on “Microsoft drops the price of the Xbox 360 by $50.

  1. http://www.destructoid.com/thermal-design-expert-pokes-around-inside-an-xbox-360-finds-badness-37740.phtml

    Supposedly even the newly manufactured ones are not well made. A couple friends have 360’s and Live looks really fun…at some point I might bite on Vista and go for Windows Live or whatever they’re calling it now…but I really can’t see myself getting a 360 until they do something real about their flawed design. Even then, I probably won’t. Seems like these things just make a lot of noise until they break. Maybe when they redesign it and drop the price again. I’m seeing used 360’s all over Kjiji and local Usenet “forsale” groups, btw.

  2. I’m surprised MS didn’t go another $50 in their price drop to really put a thorn in Sony’s side.  I think $100 would be enough for a lot of people, maybe enough to even make up that last $50.

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