Microsoft’s Xbox 360 will now be available at even sub $ 200 prices. The price of the Xbox 360 Arcade has been reduced to $ 199. The standard Xbox will be available for $ 299 and the Xbox Elite will cost $ 399.

It is just a month since the price cuts were announced on Xbox 360. Now again there are rumors of a fresh round of price cuts in the offing. A mole in Microsoft has reportedly leaked it out.

Microsoft may have won the psychological edge after the E3 conference. But facts and figures show that Nintendo is leading the sales numbers. Sales figures that have been consolidated for March had also show Nintendo to be the winner.

After the huge success of the E3 Conference there are indicators of the gaming market in the US growing exponentially. Sops being offered by Microsoft as well as Sony and the drop in prices of gaming consoles announced by both the companies are likely to boost sales in the days ahead.

The Electronic Entertainment Expo Business Summit – E3 in Los Angeles came to an end. It saw the big three in the gaming world, Sony, Microsoft and Nintendo, battle it out to seek consumer attention. As per analyst Mike Goodman, Microsoft’s Xbox 360 is the winner.

The rumors of a price cut eventually turned out to be true. Microsoft announced the reduction of price of the 20 GB model from $ 349 to $ 299. This price cut was timed to to coincide with the release of a number of game titles.