E3 '07: Analysts expect 360 price drop

Sony has made the first price cut in the new generation of console wars, and industry watchers think it might be time for Microsoft to answer.

SANTA MONICA, Calif.--The E3 Media and Business Summit hasn't even started yet, and the big news has already started to break. Late last night, Sony announced it was lopping off $100 from the 60GB PlayStation 3 and releasing a new 80GB model bundled with MotorStorm in August. Today, a handful of industry analysts sent out investor notes with their own predictions for the show, and each addressed the distinct possibility of Microsoft announcing a price cut for the Xbox 360.

Lazard Capital Markets' Colin Sebastian, Wedbush Morgan Securities' Michael Pachter, Oppenheimer's Shawn Milne, and Nollenberger Capital Partners' Todd Greenwald all brought up the possibility of an Xbox 360 price cut, but they differed on how much the cut would be and when it would be revealed.

Pachter suggested Microsoft would cut the price of the Elite model of Xbox 360 from $479 to $399, with the Pro and Core packages shedding $50 each, to $349 and $249, respectively.

"On balance, we think that the lower $499 price point for the PS3 60GB model offers consumers a compelling value compared to the current $479 price point for the Xbox 360 Elite model," Pachter wrote. "While the Elite has a 120GB hard drive and HDMI cables, it does not have WiFi built in nor does it offer Blu-ray playback capability, with both standard features for the PS3. Similarly, we think that the $499 PS3 compares quite favorably with the $399 Pro 360 model, which has only a 20GB hard drive and no HDMI output. Because of this favorable comparison, we believe that Microsoft is all but compelled to cut prices, and we think the price cuts will come no later than at Microsoft's Tuesday night press conference."

Sebastian was not as convinced about the breadth or immediacy of the price cut, but he too said it was coming. While Pachter expects the cut to be announced no later than tomorrow, Sebastian thinks it will arrive "before the end of the summer." Furthermore, he told investors that the cut--which he pegged at $50--would be on "at least one" of the Xbox 360 packages, rather than all of them.

Milne's view was similar to Sebastian's, with the analyst expecting a $50 price cut on the Xbox 360 sometime before the launch of Halo 3. However, unlike his counterparts, Greenwald did not say straight up that he expects a price cut. He instead pointed to E3 2002 as a scenario that might repeat itself.

"During the last cycle, the first PlayStation 2 cut occurred after 19 months. Coincidentally, the Xbox 360 has now been on the market for about 20 months, with no price cut as of yet. Also, last cycle the Xbox got a $100 price cut after just six months (the PS3 has been out for eight months and we believe is in desperate need to catch up to the 360 and Wii installed bases). Therefore, if this cycle were to follow the last, we could see a $100 price cut on both the 360 and PS3."

Keep checking GameSpot's full coverage of the E3 Media and Business Summit for more from the show as it happens.

Got a news tip or want to contact us directly? Email news@gamespot.com

Did you enjoy this article?

Sign In to Upvote

602 comments
AirBizkit89
AirBizkit89

damn suicidalsausage, get a life bro

Adam_the_Nerd
Adam_the_Nerd

I don't care about the Elite. I've been saving for a pro bundle for a long time and if this price cut occurs I'll have extra cash around the holiday season. Please Microsoft! Cut the X360's price soon!

2sink
2sink

Hey LegionOSH I have my xbox 360 hooked up to a wireless router and I have NEVER lost my signal or had to restart my wireless router once... I would stop blaming your router and look at your internet provider!!

LegionOSH
LegionOSH

I know my roommate has less than a 30% signal on his Elite (he is a couple of rooms away but luckily doesn't really game on XBOX Live, he does download demos and themes, etc, though. My 360 is wired (but it about 1.5 ft from the wireless router so I could go wireless, if I felt like spending $100 on a wi-fi adapter that is). I just don't see that kind of signal strength being a benefit for gaming. Granted there are times when running wired is not an option (we are looking into getting a wireless access point, or maybe another wireless router for an adjacent room that is wired), but I doubt anyone can honestly argue that wireless is as good as wired, bar none. Signal strength makes or breaks that argument. If you have a good 85% + signal then yes I think you'd be ok, but I (like many other people I'm sure) have had to reset my wireless router on more than one occasion. So it IS possible that one could be gaming over Wi-fi and have the wireless router act up and stop working.. ...yes the same COULD be said of any router, but I think the wireless ones are more prone to "outages", so to speak. None the less, wireless gaming CAN be a good experience, but wired will always be faster (at least for the foreseeable future anyway). To argue otherwise would be pointless. Kevin legionosh@msn.com

DDR_Midian
DDR_Midian

"Wifi isn't that important, Wired connections are much better, wireless causes more problems and is usually slower as well, file transfers are slower on a wireless. However what people don't seem to realise is that you can have a network which is both wired and wireless. You just plug your wireless hub into your wired hub and shadaisie, its done. I have both at home, and when i get a 360 it'll be going wired, i think tehy should'v made the wirless adapter cheaper at least, however im not going to use it anyway as wired is better." Riiight. That sounds to me like the words of someone with a crappy router. Sure, wired has the possibility to be faster if you're transferring files on a network or something, but you can use the 360 wireless adapter with absolute zero lag (depenting on internet connection, obviously) at all times. The difference between it and an ethernet cable are practically non-existent for the thing you use a 360 for. Not to mention the fact that some people don't want a huge wire running through their house.. my router is downstairs and I'll be damned if I'm gonna plug my 360 into it from here.

holhardy
holhardy

"Survey says [X][X][X] yup im sorry over top the Sony family to win .... something." Well at least the halo 3 console is nice. Better not be better than the elite i just got.

suicidalsausage
suicidalsausage

-Saint i ref3er you to my post from earlier "Wifi isn't that important, Wired connections are much better, wireless causes more problems and is usually slower as well, file transfers are slower on a wireless. However what people don't seem to realise is that you can have a network which is both wired and wireless. You just plug your wireless hub into your wired hub and shadaisie, its done. I have both at home, and when i get a 360 it'll be going wired, i think tehy should'v made the wirless adapter cheaper at least, however im not going to use it anyway as wired is better. HD-DVD is teh awesome, forget about quality, hd-dvd and blu-ray are equals on that score. However feature-wise hd-dvd is better and alot cheaper. Blu-ray is expensive and the features aren't as good, and i also heard that some players don't yet support the latest BD java script, very odd. This is because hd-dvd's supporting companys are making demands and threatening to give up on it if microsoft don't do these things. Blu-ray on the other hand has more companies supporting it, but they are less bothered about the features. Quality wise they are both the same, hd-dvd has a better codec to deliver the same quality at a smaller file size, and blu-ray has a nasty mpeg2 codec which takes up more space (but they do have more space on disc, so they are again equal). And tbh i don't buy a film because of the file space on disc, i buy it for whats on the disc. I think it would be better if hd-dvd wins, and tbh if you buy hd-dvd players and the format loses you won't have spent twice as much on a blu-ray player, and even then the hd-dvd player will be a slightly expensive dvd upscaler, which is also play whatever hd-dvds you already bought. And if HD-DVD wins, what good is the blu-ray player on the ps3 then? It's not something that should really make you buy 1 console instead of another, unless you're a "'til death" blu-ray fan who wants it as cheap as possible. Will Sony release an HD-DVD addon if their format loses? Microsoft probably will release a Blu-Ray addon drive. So far i have 6 hd-dvds and looking to buy alot more, and even if blu-ray wins, i still will only be able to watch my hd-dvd's in my own home as know one i know owns either format. Plus HD-DVD does have some HD-DVD/DVD dual format discs just incase the format does fail. Also important to note that the 360 does in fact have 1080p output, obviously the Elite has HDMI, but the premium and core have 1080p through the VGA cable, a connection which most TV's have. And it really irritates me when people argue the PS3 having 1080p when their new 42" HDTV only supports 720p/1080i, seriously why are you using that as a reason? I also want to point out that i am not in anyway a fan boy, not because i don't want to be labelled a fan boy, as i am an ATi fan boy, but yet my past 2 graphics cards have been nVidia because it was the best deal at the time of purchase. I have looked at the 360 and the ps3 in great detail, as you can also see i have looked at hd-dvd and blu-ray in great detail also, I have sized up every feature and the 360 is better, and hd-dvd is "feature wise" better (quality is almost the same, arguing about quality of the two formats is ridiculous because only an expert who was watching both at once would be able to tell, and you're not going to do that.) Sure the ps3 has blu-ray but if that loses its a pointless feature, and the tilt controller is actually a bit of a lie in the way they said it "could not have rumble action" the fact is that it could have, companies had made controllers for the ps1 that had both rumble and tilt sensitivity. And now their controller is too light, although like a new mobile phone you would get used to it. The price drop isn't really necessary, however if it does shut up the people who MUST HAVE EVERY FEATURE and buy wireless and hd-dvd add-on, and whatever else then the price of the premium is alot but still worht the money i feel. (i use the premium as an example as the Elite hasn't made it to the UK yet). When you consider that the 360 is also a media centre extender (even if you don' thav Windows Media Centre XP or Vist Home Premium or Vista Ultimate, you can still stream media files through windows media player 11, which i have done using a friends xbox, and it was brilliant. It means you can download whatever you want onto your PC, or whatever videos/music you have edited/composed/taken from cd(that is now stored on your PC) you can watch it in your living room using your 360 (this is where it might be easier to have wirless, however wired is recommend for streaming, which is not a problem with the 360, its a problem with wireless networks.) Also being able to use all your 360 peripherals with your PC is fantastic. I have 2 360 controller's (yet no 360 :p) which i use with my PC, it automatically works with alot of games, other games you can download Joy2Key and program it. I also have the xbox 360 hd-dvd add-on drive, which i use with my windows XP PC, and even after having to £55 for PowerDVD Ultra it was still the cheapst way to get HD movies, which even in 720p looks outstanding. Now being able to play against 360 owners over the internet is also a excellent feature, which allows me and my mates to play against eachother, which was impossible before as they can't afford a good gaming PC. I was also impressed that you can play Halo 2, (which is an Xbox1 game) against a PC gamer, so not only is this a next gen feature, its possible with a previous gen game. I see no such feature appearing for the PS3. One last thing, the ps3 home network. Gaming achievements are shown on Live on a single page, you simply see the achievements and thats it. Straightforward, sensible. PS3 home allows you to walk up to an achievement in a virtual world and then type a message saying "i got that"....... so what? fair enough you can show off your achievements but who cares if the actual achievement is presented in 3D, its the most pointless thing i've ever seen in my life. Alot of people like the online worldwide virtual world idea, its not to my tastes however i won't argue against that as WoW, Eve online, Sims Online, and all the other MMO's are very popular, and ps3 home is just a version of that. But the virtual trophy room is really just sad, i'm just not ever gonna care less about anything. Although if you do like the ps3 home idea, but don't like the virtual aspect (or don't have a ps3), download XFire on your PC, its the same thing but without all the virtual world time wasting. Sorry about the length but im not gonna post several times to make my point."

patrickkkk
patrickkkk

stfu the ps1 was out for 10 years, and the ps2 has so far been out for 7

Mr_Supernaut
Mr_Supernaut

They are both kinda expensive but in just 24 months the next gen console with be heard of its just to fast man.what i mean by the next gen console i mean like the xbox 600 or something there is a new console every 5 years 360 has been out since 2005 =1 2006=2 2007=3 two more years for the next console already im waiting. i still own a 360 anyway -_-

patrickkkk
patrickkkk

MashtaPoPo..........ok microsoft fan

arukun14
arukun14

If the prices drop, the prices drop. Microsoft will do what they'll do.

MashtaPoPo
MashtaPoPo

patrikkkk you need to know something.. PCs aren't made by microsoft. End of story. If apple made a console the difference would be customer support. With microsoft if your system breaks down, you bring it in and get a new one. Done deal. With apple you get "sorry can't help you"

patrickkkk
patrickkkk

the ps3 is great, even better if you have a HDTV... i use my grandmas TV. she has a Hitachi 57inch rear projection 1080i using component cables. very nice.

-Saint
-Saint

Look, don't get me wrong. I love my 360. I've never had a problem with it and I find myself to be lucky that I've been graced with a problem-free 360 for so long. The issue that I have is that I simply get bored with my 360 and it's shortage of features. Xbox Live is great and and all and the features that come with that are great as well but I want more. I want a Blu-Ray player that is included with a console and not some HD-DVD add on for $199.99. If the PS3 is having a $100 price cut then I'm thats the next system I'm picking up. Whether or not it's a good system is up for debate. All I see is a good sized price cut on a very decent system. Why not go for it, right? I don't plan on buying an Elite since I already have a premium 360. And a Wii would be nice. I've heard good things.

patrickkkk
patrickkkk

to tell you the truth, Microsoft is just not too good with hardware at all. not to be mean but the 360 is kind of a disaster with all of thoes that jam up, red ring, and have dvd problems. apple would most definatly win if it was microsoft vs apple. if apple did come in maybe they could dominate in the video game industry since Microsoft did steal thier chance to shine in the pc industry. and yeah, making the ibox would really be worth the price. i mean have you ever seen a apple pc in the repair shop? not me. they are Always pc.

LiQuidSword02
LiQuidSword02

No Wi-Fi in 360 Elite??? that doesn't sound so Elite to me.... Microsoft really pissed me off with the release of the elite (I own a premium package 360) Microsoft just doesn't seem to want to put their best foot forward(especially when it comes to pleasing their fans)... Don't get me wrong I love my 360 but I find myself playing my PS3 more and more and the Wi-Fi is a sweat option... that I take full advantage of

shadowcatjim
shadowcatjim

hopefully not, but apple does have great features and compatability, so i guess the price would be worth it - hopefully if they make one it won't be as much as the ps3, but thats just my hope. All apple harware and software are awesome and work perfect with no problems, its because they own the hardware and software that makes it pricey but every game machine does that, so apple could do good if they make a game console. Think about the ipods compared to zunes, apple wins easily. Perhaps a apple tv gaming console, that would be the best.

patrickkkk
patrickkkk

but yeah apple putting out a game system would be pretty sweet, but would it be as expensive as their computers??!

patrickkkk
patrickkkk

lol fourth generation of consoles? ps3, 360 and wii are the seventh... the next generation would be the eight.

shadowcatjim
shadowcatjim

a 360 elite with a HD-DVD add on and wifi for its current price would put a dent on sony! but $50 dollars less for each system would be nice, if the current prices stay they are going to have to add something else too keep interest. WiFi on premium would help. also just for the heck, i would like to see Apple make a game system to compete against Microsoft, i think that would be a better war. Apple is superior at making software and hardware run smooth. Maybe for the 4th generation game consoles

patrickkkk
patrickkkk

i own a ps3, and all i use is WI FI on it and never have had any problems with lagg or anything. i play resistance and motorstorm online with no problems over WI FI. and as for the Home thing, i think its a lot cooler to have a room that you and your friends can walk into and look at all the stuff you have accomplished, compared to a boring page of your achivements..... umm wow can you pull out a virtual stereo and play party like a rockstar in your achievement room and you and your friend dance and party??!?!?!... you cant do that on a page... haha cant wait to do that.

patrickkkk
patrickkkk

i know some of you are like, ooh WI FI sucks get it wired.... i can see there being a problem with WI FI if you are really really far away from the access point and only have a 27% signal strength.. then you got some problems. but with most people setups you are usually a room or two away from the access point and have a signal strength of 95% there will be no problems. there may be a ping difference of like 5 but that is soo little. i would much rather have my wifi rather than running a 50 foot cable down my hallway and into the living room. that would look so crappy. WI FI makes it look so much cleaner.

XxDarkxxWrathxX
XxDarkxxWrathxX

I would rather see Microsoft lower its price on the Elite and nothing else. With the bigger hard drive, people would but more games to fill in the hard drive, and also will get more things from the marketplace. I have been waiting for a long time for a price cut, and I havnt seen one at all for the 360. If they can have their Elite drop to $399.99, and their prenium syestem drop maybe $30 to $369.99, then they should be in pretty good shape. Now with the whole Ps3 thing, I don't even know why they are trying. The Ps3 is all hardware and doesnt really have that many good games. With the Xbox, they have Halo, Gears, and a bunch of others on the way. Sony needs to relize that maybe they should get more games and then drop the price. Atleast with the 360 they have enough games to have a price drop. ------ Feel my Wrath XBL GT: XxDarkxxWrathxX

suicidalsausage
suicidalsausage

Wifi isn't that important, Wired connections are much better, wireless causes more problems and is usually slower as well, file transfers are slower on a wireless. However what people don't seem to realise is that you can have a network which is both wired and wireless. You just plug your wireless hub into your wired hub and shadaisie, its done. I have both at home, and when i get a 360 it'll be going wired, i think tehy should'v made the wirless adapter cheaper at least, however im not going to use it anyway as wired is better. HD-DVD is teh awesome, forget about quality, hd-dvd and blu-ray are equals on that score. However feature-wise hd-dvd is better and alot cheaper. Blu-ray is expensive and the features aren't as good, and i also heard that some players don't yet support the latest BD java script, very odd. This is because hd-dvd's supporting companys are making demands and threatening to give up on it if microsoft don't do these things. Blu-ray on the other hand has more companies supporting it, but they are less bothered about the features. Quality wise they are both the same, hd-dvd has a better codec to deliver the same quality at a smaller file size, and blu-ray has a nasty mpeg2 codec which takes up more space (but they do have more space on disc, so they are again equal). And tbh i don't buy a film because of the file space on disc, i buy it for whats on the disc. I think it would be better if hd-dvd wins, and tbh if you buy hd-dvd players and the format loses you won't have spent twice as much on a blu-ray player, and even then the hd-dvd player will be a slightly expensive dvd upscaler, which is also play whatever hd-dvds you already bought. And if HD-DVD wins, what good is the blu-ray player on the ps3 then? It's not something that should really make you buy 1 console instead of another, unless you're a "'til death" blu-ray fan who wants it as cheap as possible. Will Sony release an HD-DVD addon if their format loses? Microsoft probably will release a Blu-Ray addon drive. So far i have 6 hd-dvds and looking to buy alot more, and even if blu-ray wins, i still will only be able to watch my hd-dvd's in my own home as know one i know owns either format. Plus HD-DVD does have some HD-DVD/DVD dual format discs just incase the format does fail. Also important to note that the 360 does in fact have 1080p output, obviously the Elite has HDMI, but the premium and core have 1080p through the VGA cable, a connection which most TV's have. And it really irritates me when people argue the PS3 having 1080p when their new 42" HDTV only supports 720p/1080i, seriously why are you using that as a reason? I also want to point out that i am not in anyway a fan boy, not because i don't want to be labelled a fan boy, as i am an ATi fan boy, but yet my past 2 graphics cards have been nVidia because it was the best deal at the time of purchase. I have looked at the 360 and the ps3 in great detail, as you can also see i have looked at hd-dvd and blu-ray in great detail also, I have sized up every feature and the 360 is better, and hd-dvd is "feature wise" better (quality is almost the same, arguing about quality of the two formats is ridiculous because only an expert who was watching both at once would be able to tell, and you're not going to do that.) Sure the ps3 has blu-ray but if that loses its a pointless feature, and the tilt controller is actually a bit of a lie in the way they said it "could not have rumble action" the fact is that it could have, companies had made controllers for the ps1 that had both rumble and tilt sensitivity. And now their controller is too light, although like a new mobile phone you would get used to it. The price drop isn't really necessary, however if it does shut up the people who MUST HAVE EVERY FEATURE and buy wireless and hd-dvd add-on, and whatever else then the price of the premium is alot but still worht the money i feel. (i use the premium as an example as the Elite hasn't made it to the UK yet). When you consider that the 360 is also a media centre extender (even if you don' thav Windows Media Centre XP or Vist Home Premium or Vista Ultimate, you can still stream media files through windows media player 11, which i have done using a friends xbox, and it was brilliant. It means you can download whatever you want onto your PC, or whatever videos/music you have edited/composed/taken from cd(that is now stored on your PC) you can watch it in your living room using your 360 (this is where it might be easier to have wirless, however wired is recommend for streaming, which is not a problem with the 360, its a problem with wireless networks.) Also being able to use all your 360 peripherals with your PC is fantastic. I have 2 360 controller's (yet no 360 :p) which i use with my PC, it automatically works with alot of games, other games you can download Joy2Key and program it. I also have the xbox 360 hd-dvd add-on drive, which i use with my windows XP PC, and even after having to £55 for PowerDVD Ultra it was still the cheapst way to get HD movies, which even in 720p looks outstanding. Now being able to play against 360 owners over the internet is also a excellent feature, which allows me and my mates to play against eachother, which was impossible before as they can't afford a good gaming PC. I was also impressed that you can play Halo 2, (which is an Xbox1 game) against a PC gamer, so not only is this a next gen feature, its possible with a previous gen game. I see no such feature appearing for the PS3. One last thing, the ps3 home network. Gaming achievements are shown on Live on a single page, you simply see the achievements and thats it. Straightforward, sensible. PS3 home allows you to walk up to an achievement in a virtual world and then type a message saying "i got that"....... so what? fair enough you can show off your achievements but who cares if the actual achievement is presented in 3D, its the most pointless thing i've ever seen in my life. Alot of people like the online worldwide virtual world idea, its not to my tastes however i won't argue against that as WoW, Eve online, Sims Online, and all the other MMO's are very popular, and ps3 home is just a version of that. But the virtual trophy room is really just sad, i'm just not ever gonna care less about anything. Although if you do like the ps3 home idea, but don't like the virtual aspect (or don't have a ps3), download XFire on your PC, its the same thing but without all the virtual world time wasting. Sorry about the length but im not gonna post several times to make my point. (and i did get a bit carried away :p)

X-7
X-7

They will not. Trust me. I doubt the drop will be $100. More like $30-50.

storm_rider1978
storm_rider1978

I just bought a core system yesterday! I hope Best Buy will refund the difference if their is a price drop!

Mossmanxxx
Mossmanxxx

For the elite version at 479! I would buy it if only they put in a built in HD DVD.

Rentago
Rentago

lol, android_M, your holding your opinion. I read in a magazine that a executive from microsoft was talking about how they made the 360 to be able to cut prices for the next 10 years, if nessessary. So if they wanted to, they could lower the price. They expected this to eventualy happen. Now the problem is how much money can Sony lose from selling the PS3, before it stops being manufactured :p As for wanted Wi Fo and other things, you people are lazy bastards. I hate anything wireless as the connection can go to **** at the worst of times almost always. I'd rather plug it into a wall. Its people like you that don't get a work out, too lazy to swing the Wii-mote, yet not lazy enough to slightly tilt the controller on a PS3. You would buy and I-box because he required no working to set it up.

speedy2295
speedy2295

it would make me really happy to not have to spend that much money on a 360 even just $50 less would be great the more money i save the better hurray for extremely competitive companies.

android_M
android_M

Sorry to be the bearer of bad news, ie. reality, but its unlikely that this is gonna force Microsoft to cut their prices anytime soon. I mean take a step back and look at how things are: the '360 has more content and future games will mostly be multiplatform anyways; the '360 already has a very decent lead in terms of sales, and the premier '360 unit (premium version) is still $100 cheaper than the more popular version of the PS3. I mean I've been praying for a price drop on the '360 just like most of you but lets face it, its gonna take more than this. Afterall, Microsoft did just throw us a bone with the whole warranty and repairs thing and thats already costing them big bucks

spawn611
spawn611

who gives a crap about wi fi dont be a lazy bastard just plung in.

GabuEx
GabuEx

Aw, come one guys, I just ordered one and NOW I read this. :P Ah well.

mgmeek
mgmeek

a $400 elite would be attractive, but i want built in Wi-Fi. i don't care so much about the Hddvd or blu-ray.

jonjon81
jonjon81

Great. I hope 360 DOES drop in price. I bought a 360 for $400 and I wouldn't be at all pissed if other people could now buy one for less. And now that the PS3 is cheaper I might actually buy one of those. Fanboyism NEVER makes any sense. It's like GameSpot's little poll today: "What's your response to the PS3 price drop?" And the #1 answer was "Shrewd move on Sony's part - your move, Microsoft" - i.e. the Sony fanboy bait response; and the #2 answer was "It's a slap in the face to early adopters," as if it's Sony's fault that idiots stood in line for days to pay the launch price. I like games on both systems but I feel no weird emotional attachment to either.

thekey
thekey

If the Elite goes down to $399 I'll pick one up!

Cbot
Cbot

MICROSOFT,PLEASE LOWER THE 360 PRICE!!I MEAN SONY MADE A PRICE CUT,WHY NOT YOU GUYS?!?!? MAKE THE CORE SYSTEM COST 299$ CANADIAN!! :D

thechosenone827
thechosenone827

If the Elite is going to be $399, I'll definitely pick one up.

themc_7
themc_7

ah man! price cuts? I just bought my elite

mrhankeydinks
mrhankeydinks

if a price cut happens i'll buy one eventually!

sabre66
sabre66

The elite remains sold out at bestbuy and several other places namely target and kmart. So its unlikely they will drop its price any time soon. Now it would not surprise me if they dropped the price of the core system to match that of the Wii. Neither system has a hard drive. But something smart that Nintendo did was allow the use of commonly owned SD cards to be used as memory for the system. Microsoft should have done something similar or even allow the use of flashdrives for memory. so many people already had those that it would eliminate the need for buying something extra for gamesaves. The PS3 has not sold out anywhere.......but I hope this latest move will help them. Also can we really consider the Wii a next gen console considering it has no High definition support ? But it does appear to be the cheaperst console to make games for and its game prices top at $49.99 NOT $59.99 and this is where the systems are supposed to be making their money. I still think that controller looks weird and like an act of desperation but...so far its working. I agree with LegionOSH they should atleast pack that smaller memory card with the core even if they dont drop the price. Digital cameras have practically made SD/compact flash cards a household item so memory for the Wii and PS3 is not a problem.

LowlyKnight
LowlyKnight

I already own a 360, but if they price cut $100 for their Elite, I would actually be tempted to buy the new Elite.

Lobezno_D
Lobezno_D

The 360 could use a price cut all around, it seems all the competition between the companies is starting to pay off for the consumers. I say bring on better games at reasonable prices and get this price war started!

Vaanderpantz
Vaanderpantz

I hope PS3 goes for a double-cut if this is true!

Bren128
Bren128

well i wouldnt epect huge results from a 360 price drop as i would with the ps3. Because honestly i think the demand for the ps3 is higher , its just to expenisve for alot of people including me. The wisdom of the past is the teacher of the future. and sony has ruled the past, as soon as the ps3 is cheap enough. well all know what comes next.

TMontana1004
TMontana1004

I could care less if they drop the pirice because I got my Xbox 360 on sale for 20 bucks off.

Bored1ed
Bored1ed

What a deal. Think about it. If they dropped the price $100 and with a 3 year warrenty! Dang! Like to see how the best buy employs will try to rip you off the their product plans LOL. Yea I think that would also be another nail in the PS3's coffin. I'm not against the PS3 at all but I do dislike Sony. Guys remember how the Sony reps were saying how people would pay MORE for the PS3 and work more hours just to get it. Dumb. :)

bdavis801
bdavis801

make it happen..and watch the dollars float away from sony

LegionOSH
LegionOSH

While it's almost a guarantee that MS will drop the prices as follows : Elite $399 Premium $299 Core $ 249 ..I do think they NEED to DESPERATELY pack a memory card (even the 64MB one) into the Core, as it is the ONLY current gen system to need a memory storage device purchased separately. (As even the PS3 makes you buy some sort of HD cables so I will ignore the Cores lack of HD cables as well.) So you'd have a $250 XBOX 360 with some sort of game saving ability. Not too bad a deal (same price as the Wii? Definitely not too shabby I think). (I still think a $199 core would be the ultimate move by MS. They would be bound to MOVE some serious Core systems then, but that simply won't happen..moving onward..) Although it would be AWESOME is Microsoft could pull off something like this : Announce that the Core will still be wired and cost $299, but will now come with the 20GB HDD standard. Announce that the Premiums will now come with a "NEW" 60GB HDD for the price of $349. Announce that the Elite will drop in price to $399-$425 (preferably $399 of course). Of course I know the odds of that happening are about as likely as me winning the lottery, so I am definitely not holding my breath..definitely a best case scenario in dreamland I know... ..but that is a scenario that would make things interesting to say the least. (oh and don't forget to drop the Wi-fi adapter to $50 and the HD-DVD to at least $150..and the 20GB HDD to $50-$70 while you're at it. I think these accessory price drops need to happen regardless). Anyway that's my two cents worth of rambling for the day. Kevin legionosh@msn.com