Following an endless series of rumors, and a PlayStation 3 price cut to $300, Microsoft has finally confirmed that the price of the Xbox 360 will drop on Friday, August 28.
According to Microsoft's Larry "Major Nelson" Hyrb, the Elite version of the console will be marked down $100 to a total of $299, while the Pro will be drop to $250 until it is phased out.
The new prices follow:
Xbox 360 Elite: $399.99 now $299.99
Xbox 360 Pro: $299.99 now $249.99 (While supplies last)
Xbox 360 Arcade: $199.99
Production of the Pro has already been halted, and only the 120GB Elite and the Arcade will remain on store shelves eventually.
Microsoft's Aaron Greenberg also confirmed to Kotaku that the Elite will no longer ship with an HDMI cable, while denying rumors of an upcoming "slim" version of the console.
Sony recently announced its $300 PlayStation 3 Slim, a svelte version of the system with a 120GB hard drive for $300.
