The new prices will be €199 for the Arcade, €269 for the Premium, and €369 for the Elite console – a drop of 80 Euros across the board. The move will (almost) line up prices with the rest of the world while taking into account a weakening US dollar. For example, the Arcade bundle, which sells for $279 in the US, will now sell for an equivalent of $305 in Euro markets, while prior to the cuts European customers had to pay something along the lines of $415.
By comparison, a Wii gaming console will set you back €249 in Europe – which translates into about $385. No doubt Nintendo will watch carefully to see how consumers respond to this latest round of price cuts by Microsoft.