Xbox 360 price cut is official

After a lot of denial Microsoft has finally announced the price cut of Xbox 360 in a bid to compete with the recent PS3 price cuts. The new price of the console for the premium edition would be $50 less to $350, Core at $280 which is $20 less and the Elite edition is priced at $450 which has got a $30 price cut.

This price cut is limited to US only.