Microsoft cuts Xbox One price to $299

Just prior to E3, Microsoft has reduced the price of the Xbox One to $299.This new price matches the lowest the console has been since launch, but both times prior were temporary cuts during the Microsoft Spring Sale and during the holiday season.

Just prior to E3, Microsoft has reduced the price of the Xbox One to $299.

This new price matches the lowest the console has been since launch, but both times prior were temporary cuts during the Microsoft Spring Sale and during the holiday season.

The $50 price cut is applied to not only the basic console SKU, but is also applicable toward any Xbox One bundle, including the 1 TB Xbox One Elite Bundle dropping to $449 from $499. This extends to the Quantum Break bundle and Rainbow Six Siege bundle.

The announcement of a price drop just two weeks before E3 may support rumors that have swirled recently that Microsoft may announce a slim version of the console at this year’s E3 before announcing a more powerful console code named ‘Scorpio’ that will reportedly arrive in 2017.

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