Rumor: Xbox 360 Price Hike?

In a time of financial difficulty, its a time to lower the prices of consumer goods. It therefore seems an odd move to raise the price of a console SKU, which may well be selling well due to its low price point. MCV are reporting that a technology retailer has confirmed that Microsoft has told retail to expect the Xbox 360 Arcade bundle to increase in price from £129.99 to £159.99. Microsoft has also confirmed a number of price hikes to many of its already over-priced accessories, including joypads and headset. This comes shortly after rumors that the Pro SKU is being phased out, with the Elite SKU dropping by £60 to ultimately take its place.