Microsoft cuts Xbox 360 price by $50
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Microsoft Corp. is trimming the price of its Xbox 360 video game console to make way for a new model with a bigger hard drive. Starting Sunday, Microsoft’s mid-range Xbox 360 console with a 20-gigabyte hard drive will cost $299 in the U.S., down from $350.
An updated Xbox 360 is set to arrive in stores in early August. The $350 replacement will sport a 60GB hard drive, significantly more space for storing the games, TV shows and movies Microsoft sells on its Xbox Live Marketplace Web site. Microsoft also is expected to give the Xbox a little extra appeal by streaming movies and TV episodes through a high-speed Internet service offering by Netflix Inc.
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