Another report of Xbox 360 price cut

(Credit: Microsoft)

For the second time in as many weeks, reports are circulating that Microsoft will be announcing a price cut for the Xbox 360.

The Hollywood Reporter is quoting anonymous sources as saying the 20GB version of the console will be cut to $299--a $50 reduction--before the E3 game industry show begins July 15 in Los Angeles. The report follows rumors of a price cut that surfaced last week on various game blogs.

Microsoft declined to comment on the reports, but an Xbox 360 price reduction on the U.S. market would follow similar moves in Europe and Asia earlier this year.

[atish505]

XBOX 360 - LOL. people still buy (I mean pay money to own) this crap.

Discover the PS3 or WII for a true gaming experience.

[mega_man214]

wow.. that was a very creative comment there atish, very original...

[jeffhesser]

ya. fanboy much?

[africa4tehn]

let me guess atish505...
you don't own a xbox 360..thats why you dislike them?

[Inflames212]

yea exacly africa4tehn, atish just cuse all the ps3 fanboys are dissing the 360 for it failing dosnt mean the ps3 is messed...i mean you can fry and get on a ps3 just take off the top cover let it fun an hour and fry her up