Which gaming console's price reduction strategy in 2006-2007 is credited with saving it from early market failure and eventually helping it outsell its competitors?

In the highly competitive gaming industry, pricing strategies can make or break a game's success. From free-to-play models with microtransactions to premium AAA titles, publishers and developers constantly experiment with different approaches to maximize both reach and revenue. Test your knowledge about a famous pricing strategy pivot that changed the trajectory of a major gaming platform!

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PlayStation 3 dropping from $599 to $499
Xbox 360 Elite dropping from $479 to $399
Nintendo Wii holding firm at $249 while others were priced higher
Sega Dreamcast dropping from $199 to $99