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Would the Xbox 360's price drop from $299 to $199? It's a rumor that was sweeping the 'net after Microsoft Corp (NASDAQ: MSFT) executive and Xbox product development director David Hufford was quoted in Bloomberg saying that "We are well aware that the sweet spot of the market is really 199 bucks."

It may, indeed, be a sweet, sweet price point. But it's not going to be the price point of Microsoft's bellwether product anytime soon. Hufford came out Friday to clear the air, explaining in an e-mail to Gamerscoreblog that the interview with Bloomberg was two months ago -- and he was not then, nor is he now, signalling an impending price drop.

Despite Hufford's declination, many in the gaming industry believe that a price drop is on the horizon, and while 33% is a bit bigger than most projections, it seems that a $50 reduction on the Xbox 360 may not be out of the question. And if anyone wants to bet, my money's on $249, November 2007.

Xbox 360 price drop rumors all hot air ... for now originally appeared on BloggingStocks on Tue, 12 Jun 2007 22:34:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>$199$199 xbox$199Xbox$299daviddavid huffordDavidHuffordhuffordpriceprice dropPriceDropxboxxbox 360xbox 360 priceXbox360Xbox360PriceTue, 12 Jun 2007 22:34:00 EST