Xbox 360 price dropping to $299.99 on July 6?

What's this? Could it be? An Xbox 360 price drop on July 6? According to this image, the Xbox 360 Pro will drop to $299.99, at least at K-Mart. The little image circulating shows the "Xbox 360 20GB console" with a $299.99 price, but no word on pricing on the Arcade and Elite versions of the console. We had a feeling price cuts would be coming at E3, but it's entirely possible Microsoft waned to get pricing out of the way before the gaming conference to concentrate on other goodness.

[djtoodles @ Jun 26th 2008 7:27PM]

hopefully sony follows suit so i can buy a ps3 to play MGS4 and stick it next to my xbox 360!

[JimReaper @ Jun 26th 2008 7:32PM]

I was just about to post those exact sentiments!

[Ryan @ Jun 26th 2008 8:18PM]

hmmm. no thanks for submitting it?? :) just kidding, just glad to see a story i 'tipped' get posted for once!

[Gus @ Jun 26th 2008 9:16PM]

Unlikely as sony just posted a $3 billion loss directly attributed to the PS3.

http://www.cdfreaks.com/news/PS3-low-price-costs-Sony-over-3-billion-in-loses.html

[Gus @ Jun 26th 2008 9:14PM]

Unlikely as sony just posted a $3 billion loss directly attributed to the PS3.

http://www.cdfreaks.com/news/PS3-low-price-costs-Sony-over-3-billion-in-loses.html

[ChrisG @ Jun 26th 2008 7:27PM]

If only Microsoft could go the Apple route and give early adopters (at least those who paid $349) some type of reimbursement.

[Michael @ Jun 26th 2008 7:29PM]

Thats a great idea. I would not mind sending microsoft some information on my purchase and get a rebate check or something. That would be nice but I doubt it will happen.

[Ravi @ Jun 26th 2008 7:33PM]

Why? It's been nearly a year since the $349 price point was initiated. iPhone's original price only lasted a couple months.

[tagaiz @ Jun 26th 2008 7:39PM]

Why would they do that. They've had that model out for years so why would you consider yourself early adopters. Do you think you should be reimbursed every time somethings price drops.

[BK @ Jun 26th 2008 8:12PM]

YEAH!!

I'm still waiting to hear back about my 2006 car purchase! Can you believe they came out with a 2007 and 2008 model?

Hold your breath until I say stop.

[BK @ Jun 26th 2008 8:13PM]

YEAH!!

I'm still waiting to hear back about my 2006 car purchase! Can you believe they came out with a 2007 and 2008 model?

Hold your breath until I say stop.

[The Dude @ Jun 26th 2008 8:23PM]

That makes no sense. Price drops occur to move sales, yeah, but it's helped by the falling price of production and components.

Apple reimbursed early adopters because it was a dick-ass move to drop the price after only a couple of months. Meaning, they probably could've afforded to sell the iPhone at the lower price to begin with. Production costs don't fall that much in two months and I doubt they were selling at a loss when they did.

[Michael @ Jun 26th 2008 7:27PM]

Nice Job Engadget. I submitted this and with-in 5 minutes the story was on the hompage. Thats breaking news!

[yode @ Jun 26th 2008 7:37PM]

Liar stop trying to take credit it was ME.

[iPriest @ Jun 26th 2008 7:39PM]

You together with 2000 others! Most of us sent this news to engadget when it was fresh, that was more than 24 hours ago!

[phanbouy @ Jun 26th 2008 9:04PM]

I'M Spartacus!

[jared @ Jun 26th 2008 7:28PM]

That must mean they're going to announce something really big at E3 if they're dropping price a week beforehand.

[Nuggets @ Jun 26th 2008 7:33PM]

BluRay damnit!

[Todd @ Jun 26th 2008 7:31PM]

that the RROD has dropped to 30% instead of 33%.

[JimReaper @ Jun 26th 2008 7:33PM]

Hahahahaha

Oh Todd you're so absolutely hilarious. Did you know that?

[iPriest @ Jun 26th 2008 7:40PM]

You mean "Todd it's 100% not 33%"

[Todd @ Jun 26th 2008 7:28PM]

Hopefully sony drops the price on the ps3 soon to so i can buy one.

[Boarderwoot @ Jun 26th 2008 7:37PM]

Comedy central just had a commercial for GTA for xbox starting at $279.99 us

[Joshua Walters @ Jun 26th 2008 8:11PM]

Havent you heard of the 360 Arcade? Or Core?

Real men are judged by the size of their hard drive, and neither of those systems will do.

[charlie @ Jun 26th 2008 7:38PM]

My bet it that they use the lower price to clear out, and then they upgrade the hdd on the base model (currently 20GB) to 40GB or 60GB. At the same $299 price. It positions them to compete somewhat with PS3 hardware which is currently a MUCH better deal and fits better with their plan of delivering digital content through the xbox.

[Todd @ Jun 26th 2008 7:43PM]

you might be right. that and probably a smaller chip design.

[parvindkumar @ Jun 26th 2008 8:21PM]

You might be right, I saw a deal on recertified version this system for $199 at http://www.deals2buy.com/show/49508177/deals.htm

[Darth Abe @ Jun 26th 2008 8:22PM]

Its not a better deal if you're buying it to play games.

[chefgon_ign @ Jun 27th 2008 7:11AM]

The PS3 may have some sophisticated hardware in it, but being an owner of both, I definitely feel like the 360 was a bargain while I feel a bit ripped off with the PS3.

I have definitely gotten my $400 worth of enjoyment out of the 360 many times over, whereas I'm still waiting for something to make my $500 PS3 purchase seem justified.

[grull27 @ Jun 26th 2008 7:40PM]

I'm ok with my Xbox 360 Elite.

[Thi mam(kris120890) @ Jun 26th 2008 7:48PM]

I was just about to say woohoo but soon realised the US is getting the price drop we brits got earlier this year.

[grull27 @ Jun 26th 2008 7:49PM]

So you said Woohoo earlier in the year? :-/

[Thi mam(kris120890) @ Jun 26th 2008 8:01PM]

Yes but i thought that if the price drops may be around the world, that means it's cheaper to pick up a new 360 considering the spate of suicidal 360's. Although I've had two 360's and none of them have broken.

[deyanimay @ Jun 26th 2008 8:20PM]

wtf do you need 3 for?

[Tejas @ Jun 26th 2008 10:22PM]

@ deyanimay

He likes to play with himself... pun intended...

[bo sneb @ Jun 26th 2008 7:48PM]

now all they need to do is drop the price of their hard drives, especially if they plan on pushing downloadable HD films instead of optical media

[LC @ Jun 26th 2008 7:48PM]

And my 360 Elite is now officially on Craigslist. :P

[grull27 @ Jun 26th 2008 7:49PM]

Why?! :(

[ojx @ Jun 26th 2008 8:01PM]

i saw an xbox premium at 299.99 over at sharper image at the mall, but that's only because of the store was closing for good

[deyanimay @ Jun 26th 2008 8:29PM]

i saw one at buy.com for $199.99 but thats only because it was refurbished.

[Alex @ Jun 26th 2008 8:16PM]

I would say this is a much needed price drop.

[MRCUR @ Jun 26th 2008 8:17PM]

I've heard from someone I would deem a reliable source that all of the 360s will be dropping by $50 before or at E3. So I guess the Pro gets the drop before the other consoles...

[eobiont @ Jun 26th 2008 9:16PM]

This is a similar price as the $50 rebates places like BB, Target, Amazon were doing the last couple of weeks when you bought XBOX + GTA IV. Same price actually except it came with strings attached (cash > gift card, required GTA IV purchase)

[ED @ Jun 26th 2008 9:23PM]

Microsoft waned, eh?

[Jomolungma @ Jun 26th 2008 9:53PM]

If all 360s drop by $50, then the Arcade will actually be cheaper than the Wii. That has to be compelling to someone.

[jamesdr1968 @ Jun 26th 2008 10:04PM]

Well, good for Microsoft. Since Sony's losing so much money, why not just drop the price of the PS3 to $299 - the quantity purchased will make up for the price drop, plus they'll have A LOT of blu-ray players in people's homes, which will sell more TVs.... oh wait, I need to buy gas. Maybe not.

[The Sound @ Jun 26th 2008 10:07PM]

Yes! By then I'll have plenty of money and if this is true, it makes the purchase much easier.

Though I'll probably end up waiting for a model where the new mobo and smaller chips, which will be quieter and have better reliability.

[Chris @ Jun 26th 2008 10:22PM]

I just want to be able to get the 120gb HDD for around $100!

[Torstar @ Jun 26th 2008 10:28PM]

damn I'll buy me a second one now...

[Ridgecity @ Jun 26th 2008 10:33PM]

Considering how old the hardware is, think it would be a perfect time to drop it to $250, which is the mainstream price for consoles. Too bad microsoft says they spend about $80 just on the hard drive... yeah right...