[This xbox 360 price cut has not been officially confirmed as of 6-12-07. More information to follow as it develops.]Meanwhile, Microsoft's (NASDAQ: MSFT) Xbox 360, which was priced in the middle of the Wii's ($250) and the PlayStation 3's ($500 and up) price points has sold very well during the same six-month time period, trailing the Wii but ahead of the PlayStation 3. Adding fuel to this fire, Microsoft has announced that it will drop the price of the "core" xbox 360 gaming package to only $199 -- a drop from the previous $299. Was this price drop in Microsoft's business plan? Probably so -- but the company may have had to accelerate the drop based on how well the Wii is performing in sales compared to all the competition.
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