Another report of Xbox 360 price cut

The Hollywood Reporter says a reduction to $299 for the 20GB version of the console will occur by mid-July.

Microsoft

For the second time in as many weeks, reports are circulating that Microsoft will be announcing a price cut for the Xbox 360.

The Hollywood Reporter is quoting anonymous sources as saying the 20GB version of the console will be cut to $299--a $50 reduction--before the E3 game industry show begins July 15 in Los Angeles. The report follows rumors of a price cut that surfaced last week on various game blogs .

Microsoft declined to comment on the reports, but an Xbox 360 price reduction on the U.S. market would follow similar moves in Europe and Asia earlier this year.

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    Mike Yamamoto is an executive editor for CNET News.com.

     

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