Microsoft said that from this Wednesday, the price of black noble version Xbox360 Elite with 120G hard disk and HD video support would be cut by 50 US dollars and its selling price would be 449.99 US dollars. The most popular game console with 20G hard disk will be sold at 349.99 US dollars, and the wireless controller retail price would be cut by 20 US dollars and be sold at 279.99 US dollars. This is the first time that the Xbox 360 game machine has cut its price after holding out for as long as 20 months since it was marketed in November 2005.