Speculation on X360 price cut

[Thanir]

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Wedbush Morgan analyst Michael Pachter has said he expects $50-70 cuts to soon follow across all models of the Xbox 360.

Pachter said in his latest notes to investors on the forthcoming E3 Media Summit that he expects the Xbox 360 core model too fall from $299 to $249, the Xbox 360 premium model to be cut from $399 to $349, and Xbox 360 Elite model to go from $479 to $399.

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http://www.gamasutra.com/php-bin/new...hp?story=14606

He goes on to state that he expects it "will come no later than at Microsoft’s Tuesday night press conference."

It will be interesting to see if this actually happens.