Microsoft confirmed today that the XBox 360 will receive a price cut in Europe, with the Premium unit selling for 169.99 / 239.99, the Arcade unit selling for 129.99 / 179.99 and the Xbox 360 Elite unit selling for 229.99 / 299.99.

"Xbox 360 has now sold over 20 million consoles worldwide and due to its unprecedented success, we are now able to pass on the rewards of that success to the consumer with a new retail pricing from 129.99," said Neil Thompson, senior regional director for Microsoft UK.

"With more games, more entertainment with XBox Live and now even more value, we are looking forward to welcoming more customers into the leading next generation console, Bbox 360."

These price cuts will come into effect on the 19th September. More PlayStation 3 News...