The PS3 has recently got a official price cut which resulted in a price drop of about $50. Microsoft could have felt threatened with this sudden price drop considering that Xbox 360 hasn’t got a price cut for a long time now. It seems like Walmart is now planning to sell the Xbox 360 4GB bundle for $250 down from $300.
Joystiq recently released this news and they have posted pictures of the Walmart flyer which has clearly mentioned the price drop. You can get a 4GB Xbox 360 S along with Kinect for $250. If we compare it to PS3, we can get a 160GB PS3 with the same price.
Microsoft has yet to announce a official price drop even though PS3 is taking the lead over Xbox 360 in Europe and Japan but still Xbox 360 is selling very well in the USA. The Xbox 360 is catching dust in Japan with minimal sales and has sold a puny 1+ million consoles so far as opposed to the PS3. In USA, the situation is different and Xbox 360 is having the lead over PS3 for a long time now.
Source: Joystiq
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