ps3fanboy.com writes, Video game retailer GameStop recently held a conference call to discuss its corporate earnings. In it, GameStop noted that both the Xbox 360 and PS3 are bound for a price cut some time this year. They’re predicting a $50 price cut for both machines (the PS3 would start at $349 if this prediction comes true). However, GameDaily notes that "they did not get that information from the manufacturers, however; it’s merely the retailer’s educated guess."

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