Home » News » Games News » Xbox One price cut to see console cost the same as PS4?

Xbox One price cut to see console cost the same as PS4?

Luke Johnson by

Xbox
Xbox

An Xbox One price cut is on the horizon, with latest reports suggesting Microsoft will drop its next-gen console’s price to be the same as the rival PS4.

With the Xbox One currently priced at £429, the 360 follow-on costs a full £80 more than its leading next-gen rival. Although some of this added fee can be attributed to the bundling of the second-generation Kinect peripheral, it is believed the price difference contributed to the Xbox One’s lower sales.

With reports earlier this week claiming that a white Xbox One release date will be held in October, gaming blog VG247 has cited a ‘well-respected senior source’ in claiming that an Xbox One price cut is on the cards and will follow the launch of a cheaper, lower storage version of the console.

Speaking with the Microsoft insider, the reports have stated that “Microsoft will likely drop the price of the current Xbox One model, placing it in the same price point as Sony’s PlayStation 4.” There is currently no exact timeframe handed to this price reduction.

Although Microsoft has refused to comment on the speculation, the upcoming Xbox One price cut would be fitting with recent calls from investors that have suggested Microsoft risks losing traction in the console race if it fails to fall in line with the PS4’s price.

"It is possible that Microsoft will reduce Xbox One pricing far faster than we have forecasted,” industry analyst Michael Pachter of investment firm Wedbush Morgan said in a note to clients.

He added: “Should hardware prices come down faster than we have modelled, it is likely that hardware and software sales will grow faster."

Yesterday Microsoft introduced an Xbox One price incentive in the US, offering eager gamers $100 (£60) off the console when they traded in their old PS3s.

Read More: Xbox One vs PS4

Go to comments

torjs99

January 31, 2014, 5:48 pm

they did it before with the original xbox. came out at £299 and three months later it was £199(?). early adopters (like me) did get 2 games and a controller for their £99

Daaruz

January 31, 2014, 5:59 pm

Sucks to be be an early adopter XBoner. They'll wait for the right time...early enough to stay competitive with the PS4, but late enough as not to reward all the XBoners for their loyalty. Touche.

I'd say this might happen during the Holidays 2014 or 1Q 2015.

Anukul

January 31, 2014, 6:47 pm

nah... not happening

saphire1113

February 1, 2014, 5:37 am

Do it. Spending $500 + another $60 today on a video game system & games is ridiculous in this economy.

ed

February 2, 2014, 4:51 pm

What do they take out? Kinect, which is the gimmick the whole console is based around? The optical drive which means the ends of being the "multimedia powerhouse" MS claims it is? Or HD memory, of which there is already too little and is not cheaply upgradable?

Robert William Shmigelsky

February 2, 2014, 11:38 pm

The problem is the $100 extra w/ including Kinect that has not yet been justified. Where are the real Full Xbox One Kinect games? Ryse. Oh, wait. They changed their mind on that. Microsoft still wants your money, but are unwilling to spend money to create innovative or niche-considered games, unless they have the name Halo or Gears of War on the label. But like Microsoft said themselves, we still have the 360.

comments powered by Disqus