Microsoft is lowering the price of the Xbox 360, effective Wednesday, to lure more buyers to its console as the next edition of one of the most popular video games of the last decade — Madden NFL — goes on sale next week. Leaked images from upcoming retail advertisements appeared on videogame enthusiast blogs as early as last month showing the price cuts, which Microsoft confirmed Monday: The low-end version of the console will cost $280, down $20; the midrange version’s new price is $350, down $50; and, the high-end system will sell for $450, down $30. Microsoft executives hope owners of previous-generation game consoles will be enticed by the new pricing.

Source: The Seattle Times