Analysts: 360 to see North American price cut in '08

With yesterday's Xbox 360 price cut in Europe, those ever so analytical analysts are already churning out their predictions and all agree that the 360 will be seeing a similar price cut in North America sometime this year.

Both Wedbush Morgan Securities analyst Michael Pachter and Lazard Capital Markets Colin Sebastian expect Microsoft to drop the Xbox 360's price sometime before the holidays to fend off a PS3 whose sales have seen a spike. Pachter predicts "a 360 price cut before Xmas, perhaps to USD 299 for the premium model" and mentions that if Sony were to cut the PS3's price, he expects Microsoft to "cut to at least USD 50 below the price of the PS3". Both analysts also predict that a price cut would be ushered in when / if the rumored 60GB HDD equipped 360 hits the market. Price cuts for all in 2008!