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Microsoft to cut Xbox 360 U.S. prices: BusinessWeek

September 04 12:05:02 PM, Yahoo News

Reuters - Microsoft Corp plans to cut U.S. prices of its Xbox 360 video game machine, lowering the price of its entry-level console to $50 below Nintendo Co Ltd's (7974.OS) top-selling Wii, BusinessWeek reported on Wednesday.

In an article on its website, the magazine said the company will cut prices for its entry-level Xbox 360 Arcade to $199 from its current price of $279. It plans to announce the price changes on Friday, the report said.

It will also cut the prices of its mid-range and high end Xbox 360 consoles by $50 each, according to BusinessWeek.

Microsoft was not immediately available for comment.

(Reporting by Daisuke Wakabayashi; Editing by Phil Berlowitz)

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