Xbox 360Today Microsoft confirmed that the budget “Arcade” model of the Xbox 360 will be priced at $200 from this Friday. That is an $80 dollar saving on the previous price of $280, bringing it well under the price of the $250 Nintendo Wii.

The standard and Elite versions of the Xbox 360 models will also be reduced by $50 each.

As of yet there is no news on price drops of the Xbox 360 in the UK or Europe.

Microsoft is obviously thinking that they can boost sales with a sub $200 price tag.

So will Nintendo and Sony follow Microsoft’s lead and reduce their console prices? Only time will tell, but there is only one winner here and that is the consumer.

What out for further updates on WiiFirst.net

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