Microsoft recently dropped the price of the Xbox 360 Elite to $299.99. They also just ended a two-week promotion for a $50 rebate for those who purchased the premium Xbox 360 model during that time frame.

Even so, Michael Pachter doesn’t think Microsoft is done with their efforts to make their system more attractive to consumers. In the latest Bonus Round episode, the analyst from Wedbush Securities stated that out of despiration Microsoft can cut the price of the Xbox 360 by $50 at anytime. Here is his statement when asked how Microsoft can counter the rising momentum of the Playstation 3:

' What Microsoft has on its pocket is $50 more on its price, which they can pull that trigger anytime they feel like it. You guys all saw the rebate that they have. They did it to see how the market reacted. It’s a two week promotion, September 22nd to October 5th and it’s done. They want to see what $50 does before they do $50 across the board. They made it a little bit hard to do: you got to cut out a box piece, you got to enter a code on the website. But they’re testing it.”


When discussing the Modern Warfare 2 hardware bundle, he later added: “They are going to have a 250 gig box. That’s the point. They didn’t buy 5,000 of these as a test. There’s going to be a 250 gig 360 some day. So I actually think you’re going to see the 120 gig get priced at $249 whenever they feel like it, which might be January, February, it’s going to happen. So, if I were a gamer, I will be watching for that. I think Microsoft got more leverage to pull.”

The upcoming holiday season should be quite interesting to say the least, especially with the Playstation 3 and Nintendo Wii recently getting a price drop. While the Xbox 360 also got one, its entry price still remains the same with the Xbox Live Arcade at $199.99.

[url=http://www.examiner.com/examiner/x-6894-SF-Console-Game-Examiner~y2009m10d8-Pachter-Microsoft-can-cut-Xbox-360-price-at-anytime]SOURCE?[/url]

we are approaching the third year of the playstation 3, and every 3rd year of the playstation brand it goes mainstream, it exceeds all expectations, it happened with the PS1, PS2 and the PSP. 

There is nothing Microsoft can do, Sony has this gaming generation locked up, Microsoft failed with their pricing, Imagine what will happen when we see a $199 ps3 sometime around next 2 or 3 years and probably accompanied with PS3 MINI. a slimmer version of the PS3 slim. Coupled with their 20 gigantic first party studios. Sony momentum can't be stopped by Nintendo or Microsoft because the wii has gotten to it's saturation point and it's lack diversity is also a major blow, on Microsoft, except it gives out the xbox for free . wait. . . . did i just hear Project Natal ? but . . .b. u. t Project Natal is a Cloned/over hyped and glorified Playstation Eye, Dont forget Sony also has it motion controller (unconfirmed name 'SPHERE') which can do a 1:1 accurate motion tracking, unlike wii mote that has a little less accurate 1:0 motion tracking. Don't forget Blu-ray!

The PS3 will also pass the wii Before its 10 YEAR lifes span. Owiing to the fact that the wii has reached it saturation point, the wii price cut failed to have the desired impact Nintendo hoped for, as it was still out sold by PS3 the week it came down to $199 even when the ps3 had price cut a month ago.
   in japan, the first week of price cuts can be seen below;
                   ps3 price cut moved 153,000 consloes
                                before price cut,  10,000/week

                  wii price cut moved  37,000 consoles.
                             before price cut. average of 21,000/week
 
                  Xbox 360 price cut moved 7,000 consoles
                                before price cut. average of 2,500/week
  same thing applicable to other regions
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