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Microsoft denies Xbox 360 Core system price cut

Microsoft has reiterated that there are no plans to reduce the price of the Xbox 360 console, telling our sister site <i>Eurogamer</i> that a lower priced Core System is at retailer's discretion.

Microsoft has reiterated that there are no plans to reduce the price of the Xbox 360 console, telling our sister site Eurogamer that a lower priced Core System is at retailer's discretion.

Persistent rumours that the company plans to officially lower the cost of its base level next-gen console with in the next few days have been denied once again, but Microsoft representatives admit that certain retailers have already decided to do it.

"Retail price is set by our retail partners," a Microsoft spokesperson told Eurogamer.

"Retailers are already selling Xbox 360 Core System from £199.99, which we believe is outstanding value to consumers."

The Core System, which is a stripped down Xbox 360 sold without a hard disk, among other things, retails in most locations for £209.99, but various firms - most notably Play.com - have recently moved to a £199.99 price point.

The full Xbox 360 package, which includes a 20GB hard disk as well as an Xbox Live headset, retails for £279.99. Microsoft has repeatedly denied that it plans to cut the system's price in the run-up to Christmas.