Menu
Three Breast Woman Jasmine Tridevil is a Hoax

Three Breast Woman Jasmine Tridevil is a Hoax

iPhone 6 Plus Has Not the Best Smartphone Screen

iPhone 6 Plus Has Not the Best Smartphone Screen

Amber Heard Topless Photo Leaked

Amber Heard Topless Photo Leaked

Kim Kardashian Leaked Photos Backlash

Kim Kardashian Leaked Photos Backlash

Stephanie Beaudoin Dubbed Worlds Hottest Criminal

Stephanie Beaudoin Dubbed Worlds Hottest Criminal

Xbox 360 Not Intimidated By PS3 Price Cut

Aug 24 2011, 12:49pm CDT | by , in News | Gaming

Microsoft is happy about leaving the 360 as the most expensive console.

Xbox 360 Not Intimidated By PS3 Price Cut
 
 

Despite the waves Sony made by cutting the price of the PS3 down to $250 - approaching impulse buy territory - Microsoft does not see a price drop in the Xbox 360's immediate future.

With that recent change in price for Sony's console, the Xbox 360 is now the most expensive console on the market. The cheapest version of the platform retails for around $300, with the high-end model priced at $400.

Of course, in addition to the cost of the system, Microsoft is the only one that charges users to be able to play games online. Thus the 360 now has the questionable position of being both the oldest of the three major consoles, and the most expensive, a counter-intuitive position by any means.

During a media event at this week's Gamescom trade show in Europe, Microsoft VP Chris Lewis was asked about the PS3 price drop and whether or not it would lead to a similar move for the 360.

"As you can imagine, we plan for these scenarios all the time. For me to sit here and say that was a big surprise would be a lie. Respect for what they do, of course. I love the competition, actually: it keeps us on our toes, and consumers benefit ultimately," Lewis replied.

But Lewis assured that a price drop was not in the works. He rationalized that the Xbox 360 is the leader in the console war, calling its features and services the best available.

"We think we offer great value now. We have better service provision than anybody. We attach more effectively than anybody. I think Xbox Live's enviable. What we've achieved with Kinect has given us growth that I think others would aspire to at this point in the lifecycle. We're happy with our position. While we're not complacent about the competition, I wouldn't trade places," Lewis said.

However, it would be crazy to think the Xbox 360 can continue to sell that well without a price drop soon. A PS3-like cut to $250 is probably likely within the next several months, especially since there is growing speculation about the 360's successor which could be revealed as early as next year.

Via VG247

You Might Also Like

Updates

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/6" rel="author">Mark Raby</a>
Based in New York City, Mark follows the consumer electronics industry like a hawk. A published book author, he has a particular affinity for 3D technology and video games, and as such will surely be in the market for a new pair of glasses soon. Mark can be contacted directly at mark@i4u.com.

 

 

Comments

blog comments powered by Disqus

Latest stories

Virigina Tech Football Struggling with Penalties
Virigina Tech Football Struggling with Penalties
The Virigina Tech Hokies -- who have been struggling with penalties in recent games -- are looking to rebound after two consecutive losses which brought their record down to 2-2. They will face the Western Michigan Broncos at home on Sept. 27.
 
 
Jim Harbaugh Hopes to Revive Struggling San Francisco 49ers
Jim Harbaugh Hopes to Revive Struggling San Francisco 49ers
San Francisco 49ers head coach Jim Harbaugh hopes to revive his struggling team after it suffered its second loss in three outings on Sept. 21 at the hands of its NFC West rivals, the Arizona Cardinals.
 
 
Final Fantasy XIII Comes to PC In October
Final Fantasy XIII Comes to PC In October
Square Enix Announces All Three Titles Will Cross Platforms
 
 
Lauren Silverman and Simon Cowell Celebrate His 55th B-Day
Lauren Silverman and Simon Cowell Celebrate His 55th B-Day
The couple takes a night off to celebrate in London.
 
 
 

About the Geek Mind

The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.

The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.

Read more about The Geek Mind.