At last Microsoft has today confirmed that the price of 20GB Xbox 360 console has been slashed to $299, and taking its place in the $349 tier is a new 60GB Xbox 360. However the prices of The Xbox 360 Arcade and the Elite (120GB) model have remained unchanged selling at a price of $279.99 and $449.99 respectively.
The rumors of this consoles price drop were coming from the Mid-June until the previous month, when it was nearly confirmed by all major retailer by dropping the Price of Xbox 360.
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