Rumor has it that Microsoft is planning to cut the price of its Xbox 360 console in European territories later this month. Insider sources suggest that each 360 model will receive a €50 reduction in price, a move that would place the entry-level Arcade model at a price point of approx. £150 — meaning it would be cheaper than the average price for a Wii in Europe.

Xbox 360 price cut coming this month [MCV]

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