Microsoft reduces price of Xbox 360 Pro again

Microsoft’s  price cut of its best-selling Xbox 360 Pro model game console with a 20 gigabyte hard drive makes it cheaper of  $100 less than Sony’s PlayStation 3 with a 40 gigabyte hard drive. Microsoft reduced the price from $349 to $299. The company also introduced a new Xbox 360 model with a 60 gigabyte hard drive, which will go on sale in stores in the US and Canada for $349 in early August.

 Microsoft announced the price cut and a new model before the start of this week’s E3 video game industry trade show held in Los Angeles,California,USA. The price cut was widely reported in game industry blogs and news reports since last week. The company last cut the price of the Xbox Pro in August, from $399 to $349.