Redmond, Wash. - Following a similar move in the U.S., Microsoft has lowered the price of its Xbox 360 video game console in Europe by 50 euros, with the Premium version to now sell for GBP 249/EUR 349, and the Core version to cost GBP 179/EUR 279. The price cuts will take effect on Friday, to coincide with the launch of the new Xbox 360 Elite console in Europe, which will retail for GBP 299/EUR 449.

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