Microsoft intends to cut the price of Xbox 360 in the near future, according to the Wall Street Journal.

Apparently "sources familiar with the matter" reckon the US price of the 20GB console will drop from USD 349 to USD 299. Adverts are expected to show up in this Sunday's newspapers.

The price cut is likely to be announced at Microsoft's E3 press conference on Monday.

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Ellie Gibson

Ellie Gibson

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Ellie spent nearly a decade working at Eurogamer, specialising in hard-hitting executive interviews and nob jokes. These days she does a comedy show and podcast. She pops back now and again to write the odd article and steal our biscuits.

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