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TORONTO (Reuters) - Microsoft Corp announced late on Wednesday it will cut the prices of its Xbox 360 video-game consoles as it continues to battle Nintendo's Wii and Sony's PlayStation 3 for dominance of the gaming market.
Microsoft said it would cut the price of the Xbox 360 console to C$349 from C$399, while the premium Elite model with a larger hard drive would drop to C$449 from C$499. The more basic Arcade model is dropping to $279 from C$299.
Reporting by Wojtek Dabrowski; editing by Rob Wilson