Microsoft drops price of Xbox 360 to $299 'while supplies last'

Those hoping for an Xbox 360 price drop will get one, Microsoft said on Sunday. But it's more of a clearance sale than actual price cut.

Starting today, gamers will be able to purchase a 20GB Xbox 360 for $299 "while supplies last," meaning that Microsoft will soon replace the discounted system with the newly announced 60GB model. The news was widely expected since early July.

"We know consumers need more and more space to store the amazing digital content Xbox 360 offers, and we're giving it to them at no extra charge," said Albert Penello, Xbox director of product management at Microsoft, upon announcing the large capacity premium model.

New 60 GB Xbox 360 to cost $350

New 60 GB Xbox 360 to cost $350

Once the old inventory of 20GB models has been flushed, prices will return to the current lineup of $349 for the 60GB Premium model, $279 for the Arcade version (without hard drive), and $450 for the 80GB Elite model. The new 60GB model will be available starting in August.

The news marks the second time this generation that a console maker has opted for a clearance sale of older models instead of a true price drop. Last year, Sony dropped the price of the discontinued 60GB PS3 from $499 to $399, only to introduce a larger capacity machine for $499.

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Comments [102]

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Canive73sek

Wowza! What a fucking great deal!! Sounds more like some crap you get at Best Buy the day after thanksgiving, where you think you're getting a deal but getting a piece of shit. Think about it, how many of those old ass models have a chance of getting the red ring of death? Be sure to read the fine print before buying anything that may have a possibilty of breaking on you. BUYERS BEWARE!!! -(R)

Canive73sek

Wow I just got censored HECKING = PHUCKING FU-CKING F U C K I N G.. LOLOLOLOLOLOLOLOL.. Censore me now Gamepro!!

AntiAmericanArmy

Gamepro the Elite has an 120GB? Well it says it does but when you go into the memory it says less. Like when I first started up my xbox 360 with the 20GB... I went to the memory and it said 13GB free??? Where did the other 7GB go Microsoft??? BULLonie

Methanous

I suppose it will have the new motherboard in it as well, but that is a nice price

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