Tuesday, August 7, 2007

Xbox 360 Price Cut

See here:
Microsoft has slashed the price of the Xbox 360 games console by $50 (£25) in a bid to compete with fierce competition from the Nintendo Wii and the Sony Playstation 3.

I have yet to see as good an example of how the benefits of competition come about - benefits that can accrue with only a few companies.

I concede Robin Hanson et al would castigate me for this example, though.

UPDATE: Kotaku informs me that Canadians will see a $100 price drop, not $50, because of exchange rates! Hrmm, I've been talking about stuff like that. Gee, maybe I will get an Xbox.

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