Those of you hoping for an Xbox 360 price cut for the holidays will no doubt be disappointed by this news. According to a Microsoft spokesman, there is no plans for a price cut this year.
Versions of Microsoft's console sell for $300 and $400, compared with the announced prices of $500 and $600 for the PlayStation 3. In addition, Sony has said it won't be able to supply as many of its new consoles initially as it hoped. A Microsoft spokesman said last week that the company has "no plans to adjust the price of the Xbox 360 this year."
Had Sony’s PS3 announced a price point in line with MS, we might have seen a price war. Unfortunately for gamers, Sony tossed that $499 - $599 price tag out there leaving little to no incentive for the competition to cut prices.