Microsoft holds firm on Xbox 360 pricing

Link: Microsoft holds firm on Xbox 360 pricing | CNET News.com.

Microsoft on Tuesday said it will hold firm on pricing for its Xbox 360 game console, defying widespread expectations that it would respond to a price cut by rival Sony for the PlayStation 3. Instead, Microsoft voiced confidence that a slate of upcoming titles targeting both hard-core and casual gamers would be strong enough to give it the lion's share of consumer dollars in the coming months.