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I'm really hoping this guy got the prices wrong. A mere $50 drop on the Premium after it has been on the market for almost two years is just weak.Wedbush Morgan Securities analyst Michael Pachter stated in a note to investors today that Microsoft will announce an Xbox 360 price cut tomorrow at the start of the revamped E3 Media & Business Summit, which takes place all week.
Microsoft is holding its E3 press conference Tuesday evening.
He said that the price cut will affect all three Xbox 360 models. The $299 Core pack will drop to $249; the $399 Premium pack will drop to $349; and the recently released $479 Elite model will drop to $399.