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 E3 was officially kicked off with a press conference by Microsoft. A slew of new games and peripherals for the Xbox 360 were announced. Microsoft also came up with estimates that the Xbox will sell more than the PS3 and the Wii.