Xbox One Now $299 After Big Discount

(RTTNews) - Microsoft Corp. (MSFT) has cut the price of Xbox One bundles by $50 ahead of next month's Electronic Entertainment Expo.

The 500GB Xbox One bundled with either Quantum Break, Gears of War: Ultimate Edition, The Lego Movie Videogame, Forza Motorsport 6, Rise of the Tomb Raider, or Rare Replay is now priced at just $299. While, Xbox One with a 1TB hard drive and other bundled games range from $319 to $349.

A system with a Kinect camera and three compatible games is now $349, while one with an Elite controller and a 1TB hard drive costs $449.

The price cut comes at a time when Microsoft is rumored to be planning to launch a new, smaller and cheaper Xbox One at E3, along with a more powerful, VR-capable edition of the console.