Confirmed: US Xbox 360 gets $50 price cut August 8

---

August 6th, 2007 posted by Link in Xbox 360

Straight from the maker’s mouth comes word that the Xbox 360 Premium bundle will be marked down to $349.99 from its current $399.99 price point on Wednesday. Additionally, the Core package is getting a $20 cut to $279.99 and the Elite bundle is dropping $30 to $449.99. Microsoft’s press release also notes the upcoming Halo 3 Special Edition console, which will retail for $399.99 and include everything the Premium has with a few more bells and whistles, in addition to a Spartan armor-like finish. This is the first North American price drop since the Xbox 360 was launched in November 2005.
Microsoft feels like it’s worth pointing out that the release of Madden 2008 is right around the corner. Madden is typically a best seller, and I think Microsoft’s timing on this drop is ingenious. People are going to see the commercials for Madden on TV, and then buy Xbox 360s to play it on. It will look like the perfect time to upgrade, and I’m sure retailers will start offering bundle deals to get 360s out the door.