Microsoft Corp cut the prices of its Xbox 360 video game console in Europe by up to 28 percent on Monday to try to spur sales in a key battleground in the fast-growing industry. This is the second price cut for the Xbox in Europe in less than a year.

Last August, Microsoft shaved 7 percent off the euro price of its low-end model and 13 percent off the main Premium model. The €80 decrease results in cuts of 18 percent to 28 percent across the three Xbox 360 models, bringing the cheapest Arcade version to €200 euros and the high-end Elite to €370.

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