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Microsoft to sell Xbox 360 500GB drive for less than 320GB version

Due up for preorder some time this month, the 500GB drive would cost $110, while the console's 320GB version goes for $130.

Screenshot by Lance Whitney/CNET

Xbox 360 owners will soon be able to score a 500GB media drive at a promising price tag.

Currently listed by Microsoft as a "pre-order coming soon," the 500GB media drive would give Xbox 360 owners plenty of space to install games, high-definition movies, entire game discs, and other hefty content. Depending on how much you're willing to spend, the Xbox 360 by default comes with anywhere from just 4GB to 250GB from Microsoft. So a new 500GB drive could prove handy if you're running low on space.

The drive will be available for pre-order sometime this month. Microsoft advises interested buyers to check with their local retailer for more information.

The interesting aspect is that the 500GB drive will sell for just $110, while a 320GB version of the same drive runs $130. So why is the larger drive cheaper?

A spokesman for Microsoft confirmed the $110 price tag to CNET and said that the company is working with retailers to revise the price of the 320GB media drive to maintain its competitiveness.

The new drive shows that Microsoft hasn't forgotten about Xbox 360 users in the wake of the Xbox One. Of course, sales of the Xbox One , released at the end of 2013, haven't quite been as hot as hoped for, with the new console selling fewer units than Sony's similarly new PlayStation 4.

Microsoft still sells the Xbox 360 and all of the necessary accessories, a wise move in a gaming market where consumers may feel that the older console still holds up quite nicely, thank you.

Update, 3:00 p.m. PT: Adds comment from Microsoft.

(Via Engadget)