Xbox One prices slashed by $50

Microsoft will cut prices of Xbox One by $50 until the end of the year.

The game console, which was released last year, will sell for less beginning Nov. 2 according to a report from CNET. Microsoft has not released sales figures for the Xbox One since April leading many to believe it has not been selling well.

Scott Mlyn | CNBC Xbox One boxes in the window of a Game Stop store

Scott Mlyn | CNBC
Xbox One boxes in the window of a Game Stop store

Read More Microsoft earnings beat, cloud business soars

“The company said in a statement the Xbox One model that comes with the Kinect motion camera accessory will retail for $449, down from $499. The standalone Xbox One without Kinect will sell for $349 from its earlier $399 price tag,” said CNET.

The price cut comes at a time when new installments of popular games like “Call of Duty” are released.

Read More Microsoft cuts 2,100 jobs as restructuring plan winds down

This strategy is vastly different from that of Sony, makers of the Playstation 4. The company is offering special access to features for popular games. The Playstation 4 is said to be the best selling console in the U.S. and notched its 10 millionth sale in August.

Read More Microsoft’s Nadella talks cloud, inequality, and why he’s against a spinoff

For more on the story click here.

This entry was posted in Technology. Bookmark the permalink.

Leave a Reply