No Xbox 360 Price Drop for 2006

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For those of you waiting for a Xbox 360 price cut this fall, your wait just got longer. Microsoft’s Peter Moore confirmed to IGN today that the system would not reduce in price this fall. “With Nintendo stating its $249.99 price, and Sony coming in high at $499.99 and $599.99, many online pundits speculated this fall would be the perfect time to drop the Xbox 360’s prices to gain even more market share. Moore calmly stated prices would not drop, adding that Microsoft is happy about its current hardware prices.”

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