The Hollywood Reporter this morning suggest that the Xbox 360 will receive a 50 USD price cut around the E3 show next month, with an unnamed retailer revealing that 50 USD will slashed off the console's pricing.

The 20GB Pro model console will apparently fall to 299 USD after the rumoured cut, which will happen in the coming weeks from what we can gather.

The cut will apparently "come before the major video game trade show, E3, which runs July 15-17 in Los Angeles."

More on this as we get it.

By Luke Guttridge

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