Analyst foresees PS3 gaining momentum, Xbox 360 price cut at E3

Things have been relatively quiet on the Xbox 360 price-cut front as of late, but EEDAR analyst Jesse Divnich has now thankfully come through and stirred the pot a bit, saying that he thinks Microsoft is set to make an announcement about a price cut at E3 this July. That, he says, would be in response to the PlayStation 3's steady growth, which he expects to continue to out pace the 360, aided in no small part by exclusive titles like Metal Gear Solid 4. As if that wasn't enough speculation for you, Divnich further goes on to say that if Microsoft does in fact cut the price of the 360, Sony would likely follow suit with a price cut of its own within two months.

[Via Joystiq, thanks Jerry]