Did the price cut have the same effect in Europe and the U.K.? It absolutely did – just not to the same extreme it did elsewhere. Following the cut, sales for the 360 rose 32% in the U.K., with the apparent added side effect of cutting into PS3 sales. The competing console lost sales during the same period tracked, shortly after the price cut.
The increase was nowhere near what was seen elsewhere, but the results are clear across the board – people wanted the 360, they just felt the price was too high.