Microsoft will be cutting the price of its Xbox 360 hardware lineup in early September, new reports claim.

Citing an unnamed "mole," tech site Ars Technica said in about a month, retailers will begin selling the hard drive-less Xbox 360 Arcade for Kris Graft99 (down from $279), the 60GB Xbox 360 Pro for $299 (from $349) and the 120GB Xbox 360 Elite for $399 (from $449).

The report gained more credence over the weekend when a tipster sent sales tracking site VGChartz alleged photo evidence of a sales cut.

The picture shows what is presumably a screen from a sales terminal, which displays an SKU inquiry for an Xbox 360 Arcade with a price of Kris Graft99 beginning September 7.

The timing of the rumored price cut would come just after Microsoft reduced the price of the 20GB Xbox 360 pro to $299 in July in order to clear out remaining stock.

Asked about the price cut rumors, Microsoft told Edge that it "does not comment on rumors and speculation."