Speaking to VG247 today, Wedbush Morgan’s Michael Pachter has said a further European Xbox 360 price cut this year isn’t the stupidest idea in the world.

“I can’t imagine why they would penalize you folks,” he said, when asked if he thought the console’s price would come down in Europe given the announced cut in Japan this week and the near-certain drop in the States next week.

Microsoft is to cut as much as 30 percent from Xbox 360’s retail cost in Japan, and it would appear Americans are to imminently enjoy a drop of as much as $80.

There’s been no indication from retail as yet on the subject of a European drop, but one senior UK source did just tell us that it is “highly likely” we’ll see another cut this year.

Don’t say we didn’t warn you, anyway.

how much more can they afford to bring it down?

Link here.

http://www.videogaming247.com/2008/09/03/european-xbox-360-price-cut-in-08-i-cant-imagine-why-they-would-penalize-you-folks-says-pachter/10462/

If MS can afford another price cut in Europe, then you American's are getting ripped off.

Europe already got a cut this year.

Europe got the first cut at the beginning of the year. They are already cheaper than the Wii. Also, it didn't change much in the long run there.

if it goes any cheaper in the UK it will be selling for the same price as the ps2

Good buy then?

 Yeah we did...

But it was only only about £20 when it came to street level, we already get discounts from retailers and the discounts aren't as good as they were when the price was higher.

 I wonder why you post sometimes.

The PS2 can be had for less than £99.99

The Xbox 360 Arcade costs £149.99

Thats £50 or 50% more...

Now care to explain yourself or just stop being so silly.

Well i might eventually get one lol..

no need to get defensive, he was just telling the truth.