Xbox 360 price cut coming in June?

Michael Pachter says Microsoft will slash cost of console this summer.

Microsoft is plotting a price cut for the Xbox 360 this June and will announce its plans at this year’s E3 in Los Angeles. That’s according to gaming analyst Michael Pachter, a man renowned for being on the money when it comes to matters like these.

He reckons that with costs not being officially slashed for 18 months, the time is ripe for Microsoft to steal a march on its rivals, especially with Kinect still riding high. “We believe that Microsoft is in the driver's seat on pricing, and believe that the company may consider a price cut for the core console plus Kinect to under $300 (£185) in June,” he said. Such a bundle costs £255 on these shores at the moment.

What’s more Pachter thinks Microsoft’s move will lead to the PS3 and Wii being slashed in order to compete. He says the Wii’s fading popularity could be tempered by a price cut and expects all three consoles to be $50 cheaper by Christmas.

Are you holding out for a cheap console? Will Microsoft really use E3 to put the Xbox 360 into the bargain bucket? Tell us what you think on our Facebook and Twitter pages now.

Via CVG

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