To help boost their market share, Microsoft Corporation will reportedly lower the price for its famed game console Xbox 360, hoping that the move can place them in better footing with Nintendo Co. Microsoft, locked in a three-way game console battle with Nintendo’s popular Wii and Sony’s PlayStation 3, has been struggling to stir up demand for its Xbox 360 in Japan.

Microsoft will lower the price of the Xbox 360 Arcade model by 8,000 yen ($73.92) to 19,800 yen. The Arcade does not come equipped with a hard drive and is the least expensive of the three Xbox 360 models, the Nikkei said.

The new price will make the machine cheaper than Nintendo’s Wii, which sells for about 25,000 yen, and the PlayStation 3, which sells for 39,800 yen.

(Source) Canada.com