A Walmart flyer showing the Xbox 360 4GB Kinect bundle with a price tag of $249 ($50 off its current price) was a typo, according to the retailer. The circular pegged that sale for the week of August 28. While Walmart claims the price cut was an error, the retailer said that it would honor the price anyway until Monday, September 5 - or while supplies last. It will not, however, accept rainchecks for the console at that price.
Last week Microsoft responded to the sale with the following statement:
"Walmart made an independent decision to implement this temporary price cut. We've made no announcements about price drops, and do not discuss our pricing plans in advance. Xbox is the number-one selling console in the U.S. for 13 of the past 14 months, and is showing record growth. With an incredible line-up of games and entertainment, we're expecting the biggest year in Xbox history as the best-selling console worldwide."
Some had speculated that the price cut was somehow in response to Sony cutting $50 off its PS3 console. It turns out that it was simply a printing error..
Source: Story and image via Joystiq