Toshiba-Samsung Storage Technology Corp. has been contracted to manufacture external Blu-Ray drives for the Xbox 360, according to a report from tech news site Xbit Labs.

As the report states, the exact specifications of the drives are unknown, though Microsoft is aiming for a $100 - $150 price point. Not only would this bring the Xbox 360 into line with the PlayStation 3's pricing scheme, but these drives could also handily replace the now-defunct Xbox 360 HD-DVD drive.

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