A Toys “R” Us ad flyer for the week beginning Sunday, August 12 has confirmed speculation of an Xbox 360 price cut. The price cut is rumored to be retail-wide as an image of a Wal-Mart store ad also surfaced, listing the Xbox 360 Premium console at $349.

At this time it is unknown if other 360 models, namely the Core and Elite, will also see a price cut.

Walmart & Toys R Us Ads Confirm $50 Xbox 360 Price Cut [CAG]

Read more: Rumor: Xbox 360 To Receive Price Cut In July, Report: Microsoft Cutting Xbox 360 Price By $50 In “Coming Weeks”, Rumor: Microsoft Slashing 360 Price In Europe, Pachter: U.S. Xbox 360 Price Cut By Xmas, It’s Official: Xbox 360 Gets $50 Price Cut