Rumor: Microsoft to announce 20GB Xbox 360 price drop at E3, new SKU to follow

A recent rumor indicates that Microsoft will be announcing a price cut for their Xbox 360’s 20 GB model during this year’s E3. The source of the rumor also reported that a new 360 model will be rolled out by this month. More details on this matter are available in the full article.

One speculation leads to another, with regard to the possibility of a price drop for Microsoft‘s Xbox 360. Ars Technica reports that a reliable source has confirmed a Kmart advert which indicated a US$ 50 price reduction for the 20 GB model of the console.

The source also noted that Microsoft is planning the release of a new Xbox 360 SKU by this month. Quoting the part of the source’s statement:

At E3 Microsoft will make an official announcement that we are dropping the 20GB pro console to US$ 299… As we launch the 60GB SKU throughout July, the 20GB SKU will DISCONTINUE. You will see the new SKU on your 7/1 price list.

While we’re not too sure regarding the speculation on the  60GB unit, The Hollywood Reporter and a retailer previously backed up the possibility of a price cut for the 20GB SKU. Regardless, we’ll be leaving this report in the rumor mill, at least until more substantial information can be found.

Via Ars Technica