Microsoft has cut the price of Xbox One consoles and bundles by $50.

The 500 GB version will now run you $299 while the 1TB is now $319.This price reduction also applies to various bundles on offer.

For example, The Division Bundle 1 TB bundle is now $349 instead of $399. These’s also the Quantum Break bundle available for $299 which comes with a white Xbox One.

Whether this is a temporary reduction or permanent is not known as of press time.

An updated Xbox One console is expected to be 40 percent smaller than the current model. While Microsoft's console price drop looks temporary, it could be a permanent move to position the smaller successor at a higher price point and sell off existing inventory of the current Xbox One model. Microsoft is also expected to launch two new Xbox streaming devices at E3 next month, with rumors suggesting one will be Chromecast-like and the other more of a set-top box for casual gaming, apps, and streaming Xbox games from a full Xbox One console.

Posted: May 31, 2016 3:13 pm
Related Forum: Xbox Forum

Source: http://www.vg247.com/2016/05/31/microsoft-cuts-the-price-of-xbox-one-by-50/