Thursday, August 27, 2009
Price Cut to Give Xbox Sales an Early Christmas Goose
Who will win the gaming console price war of 2009? Consumers. Two weeks after Sony lowered the price of the PlayStation 3 to $299 from $399, Microsoft did the same for the Xbox 360 Elite, slashing $100 off the price of the console. In addition, the company cut the price of its now discontinued Xbox 360 Pro console by $50 to $249.99, while supplies last.




Are online sales largely recession-resistant? Not according to Amazon’s latest earnings. Though its third-quarter profit rose 48 percent from the same period last year on revenues of $4.26 billion, the Internet retailer lowered its full-year sales outlook. By $1 billion.