Christmas in July? Xbox 360 price cut leaked (apparently)

Gaming, Xbox 360

The Xbox 360 may see a $50 price cut in July 2008Is the Xbox 360 headed for a $50 price drop? That’s what online reports suggest, citing “leaked” advertisements showing a $300 20GB unit advertised with a “new low price.” This follows other reports of a Kmart ad and a Best Buy circular showing the same thing.

Also, The Hollywood Reporter cites “industry sources” to confirm the drop.

If true, the July 13 date of the ads would put the price cut right before E3, and the console wars could be on once again well before the holidays.

ASSOCIATED PRESS FILE PHOTO/MICROSOFT