Microsoft slashed the price of its Xbox 360 Elite console in the Asia-Pacific region after recently cutting the price in the U.S.

Rival Sony also recently reduced the price of its console, the PlayStation 3.

Although consumers will be able to buy Microsoft’s Xbox 360 gaming console for a lower price this weekend in the U.S., gamers in the Asia-Pacific region will have to wait a little while longer.

Microsoft said consumers in that region can expect lower-priced Xbox 360 models starting Sept. 10, which the company may announce at a press conference scheduled for next Wednesday in Japan.

The company also announced new pricing for the Xbox 360 Elite console in Hong Kong, Singapore, South Korea and Taiwan, which is around 25 percent discount, or around $305, depending on exchange rates.