Microsoft has cut the price of its best-selling Xbox 360 Pro model game console with a 20 gigabyte hard drive to $299 from $349.
The company also introduced a new Xbox 360 model with a 60 gigabyte hard drive, which will go on sale in stores in the U.S. and Canada for $349 in early August.
Microsoft announced the price cut and a new model before the start of this week's E3 video game industry trade show in Los Angeles. The price cut was widely reported in game industry blogs since last week. The company last cut the price of the Xbox Pro in August, from $399 to $349, prior to the release of blockbuster title, Halo 3, the following month.
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