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Microsoft Cuts Xbox One Price Two Weeks Before E3

by Mike Futter on May 31, 2016 at 11:58 AM

Console price drops at this time of year aren’t uncommon, but usually they are announced on the E3 stage. Microsoft decided to move two weeks early, chopping another $50 off the price of the Xbox One.

The news comes as rumors about two different Xbox One revisions continue to make the rounds. One new hardware configuration, allegedly due this year, is a “slim” version of the currently bulky Xbox One. Form factor updates are common during a console cycle.

The other piece of the rumor is a major feature update supposedly coming in 2017. The console, supposedly being developed under the “Scorpio” code name, is reported to feature an upgraded GPU with possible Oculus Rift support.

At the same time, rumors about Sony’s plans for the future have been hinted at. The company is also said to be preparing a major feature revision in a new model codenamed “Neo.”

Whether either of these upgraded designs will be unveiled at E3 is only in the realm of speculation right now. We’ll know for certain in two weeks.

[Source: Microsoft]

 

Our Take
A pre-E3 price cut lends credence to a new model being unveiled at the show. This will clear inventory for those that have been sitting on the sidelines before giving people concrete reason to hold off for a newer model.