Xbox 360 Price Slash by 80 Euro in Europe

Microsoft cut the prices of its Xbox 360 video game console in Europe by up to 28 percent on Monday to try to compete sales in the fast-growing industry. This is the second price cut for the Xbox in Europe in less than a year.

Last August, Microsoft slashes 7 percent off its low-end model and 13 percent off the main Premium model. The 80 Euro decrease results in cuts of 18 to 28 percent across the three Xbox 360 models, bringing the cheapest Arcade version to 200 euros ($307) and the high-end Elite to 370 euros ($568).

The reductions come as Sony PlayStation 3 appears set to capitalize on the company’s recent victory in the high-definition DVD battle and highly anticipated new games hitting the market this year.

Via Fareastgizmos