Xbox One Gets A Price Drop In The US

Less than a year from its initial launch at the price point of $499 USD, Microsoft has announced that the Xbox One will be available starting at $349.

The deal, which extends from November 2nd until January 4th, 2014, is applicable on all versions of the Xbox One (minus the Kinect), which means the new Sunset Overdrive bundle as well as previous iterations like the Madden 15 Xbox One bundle will now be available for $350.

The move makes the Xbox One cheaper than its main rival, Sony’s Playstation 4, which still retails at its launch price of $399. After launching to historically low numbers in Japan earlier this summer, Microsoft’s move is certainly in the name of increased competition for the holiday season.

“Fans don’t have to wait for Black Friday this year to enjoy great savings on Xbox One,” said Yusuf Mehdi, corporate vice president of Microsoft. “We’re offering our best price yet, with unprecedented choices and value, so more people can play on Xbox One this holiday.”

“We’re gearing up for one of our biggest holidays ever and we are thrilled to offer fans up to $150 in savings on Xbox One and some of the biggest blockbuster games of the season.”

Unfortunately, this price drop is only applicable in the United States. When contacted for a statement about the price drop coming to other countries, Microsoft replied to GameSpot saying: “Decisions about promotional and pricing strategies are made at a local level and based on market context. We have nothing more to announce at this time.”