Microsoft cut Xbox 360 prices on all three of its console versions. The prices cut from $279 to $199, which means that Microsoft will have the cheapest new console on the market in the form of the Xbox 360 Arcade, which will now cost $199 compared to the $249 Nintendo Wii. The Xbox 360 with a 60GB hard disk with sells for $299, down from $349. And the Xbox 360 Elite with a 120 GB hard disk will sell for $399, down from $449.Nintendo's Wii is priced at $249, while Sony's 80GB PlayStation 3 is $399.
Microsoft lowered prices of Xbox 360 just a day after it cut prices by 30 percent for the Xbox in Japan.
As of July 1, Electronic Art’s Nintendo sold 10.9 million units in the United States alone, according to the NPD group.
Sony's PlayStation 3 was the second favorite, with estimates of between 9.5 million and 11.5 million units to be sold both in the United States and Europe by the end of the year.
Sony, however, has sold more than 12.85 million PlayStation 3 units worldwide since its 2006 debut.
The Xbox was in last place in EA's predictions, expected to sell between six and eight million units in the United States this year.
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