PS2 and Xbox to see price cuts

The Register reports that both Sony and Microsoft plan to cut prices for its respective consoles during next month, with both companies also planning a range of promotions, game bundles, etc.

The PlayStation 2 price is set to be cut to £129.99 in the UK within the coming months, however, Microsoft will respond with a price cut of its own - with Xbox due to come down in price as well, probably to a £99.99 price point. We expect the Xbox cuts to appear around mid-October, although as ever, there's a good chance that whichever company tips its hand first will cause the other to follow suit within hours.