Xbox to reportedly cut price

July 1, 2008 2:15:18 PM PDT
It might be a good idea to hold off buying Microsoft's Xbox 360.For the second time in as many weeks, there are reports the company will soon slash the price for the game console by $50.

The Hollywood Reporter quotes anonymous sources that claim the price for the 20-gigabyte version of the gaming console will be reduced to $299 as soon as July 15.

Microsoft has not commented on the reports.

A price cut would follow similar moves in Europe and Asia.