With an Xbox 360 price cut affecting all three models in Europe later this week, analyst and prophet Michael Pachter is expecting that Microsoft will introduce a similar price cut by Xmas in North America.

I expect a 360 price cut before Xmas, perhaps to USD 299 for the premium model. If Sony cuts the price before then, I expect Microsoft to cut to at least USD 50 below the price of the PS3.

Will Microsoft drop Xbox 360 price in US? [GI.biz]

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