Microsoft to cut Xbox 360 Pro pricing this week
Another major factor is last fall’s introduction of the $399 40GB PS3, which put the console in the same ball park as Microsoft’s 20GB then-$349 Xbox 360 Pro.
Currently, the Pro–which comes equipped with a 20GB hard drive, wireless controller, and wired headset–carries a suggested retail price of $349, $70 more than the bare-bones Arcade unit and $100 less than the HDMI-equipped 120GB Elite model. This most recent price cut will be the second time Microsoft has reduced the price on its flagship console since it first hit retail shelves a full year ahead of its competition in 2005. Following a similar deluge of leaks in August 2007, Microsoft slashed $30 from the Elite, $50 from the Pro (then Premium), and $20 from the discontinued Core model.