Microsoft announces new Xbox model…

Xbox 360 buttons, originally uploaded by louder.

Microsoft said on Sunday it is cutting the price of its 20-gigabyte Xbox 360 video game consoles and rolling out a model with three times the memory space to take its place.

The US technology giant’s announcement comes two days before the official start of a major Electronic Entertainment Expo at which videogame console makers will be striving to portray their hardware as superior.

Microsoft said it will trim $50 (about R380) from Xbox 360 models with 20 gigabytes in the United States or Canada, cutting prices to $299.

An upgraded Xbox 360 Pro model with 60 gigabytes of memory will hit markets in those same two countries in August with $349 price tags, according to the Redmond, Washington-based firm.

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