updated 04:45 pm EDT, Thu August 20, 2009
MS delaying Xbox 360 cut
At the currently ongoing Gamescom show, Microsoft's announcement of a price drop for its Xbox 360 gaming console was conspicuous by its absence. Microsoft is apparently delaying the price drop for the Elite while it waits for stock of the Arcade and Elite models to clear out, an electronics retailer said. At the same time, Microsoft has informed retailers of a new Xbox part number being released, though specifics on it are unknown. It is expected to be the new, cheaper Xbox Elite, however. The price drop announcement was widely expected, especially in light of main competitor Sony's recent introduction of a slimmer, cheaper PlayStation 3 gaming console and the price drop of the company's existing products.
Specifically, the Xbox Elite was expected to be reduced in price at the conference. Recently, leaks have revealed that Microsoft is likely to discontinue the Xbox 360 Pro from the lineup while dropping the price of the Elite. [via MCV]