Xbox One Price Drop: Microsoft Slashes $50-$100 As Sony’s PS4 Sales Forge Ahead, ‘Titanfall’ & ‘Forza Motorsport 5’ Editions Go For $399

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Xbox One price drop continues across the U.S. and U.K ahead of the holiday season. It is available for less than the original price at Amazon.com and Target among others.

The competition between Microsoft's Xbox One and PS4 from Sony is heating up with gamers anticipating the number of games, the quality of games and of course the price of each title. Traditionally, the peak season between various online video games console sales is before Christmas and after Thanksgiving when shoppers keep an eye out for the best bargains and titles.

Xbox One's popular "Titanfall" and "Forza Motorsport 5" editions are also on the list of discounted items with Microsoft lowering prices to as much as $50 at stores like Walmart and Best Buy.

However, reports say that the Xbox One price drop is not advertized or revealed until you have checked an Xbox One through your virtual cart.

Earlier this week, Amazon dropped the console's price by $100 to $399. Entering the promo code XIAMAZON would slash that price by another $50. These online deals appear to be ending quickly, and the Xbox One is now online for $479.

One reason for Xbox One's declining prices is that Sony's PS4 seems to be doing better at the retail point of sale, while Microsoft is playing 'catch-up.' Both consoles launched in November 2013.

Despite the rivalry, Xbox One sales have crossed the sales mark for 5 million units - a herculean feat for Redmond St., Seattle based Microsoft Corp. After its November launch, Microsoft announced in the beginning of the year that Xbox One sales had surpassed 3 million by the end of 2013 and that figure bumped up to 5 million Xbox One video game consoles to retailers.

The Xbox One console was introduced to gamers on Nov. 22 in the U.S., the UK and Australia ahead of Sony Corp's PlayStation 4 unveiling a week later. In order to spike sales, Microsoft promoted a bundled offer for $450. The offer came with the console and the much hyped shooter game "Titanfall" made by Electronic Arts Inc.

"Sony Corp said on Wednesday it sold more than 7 million PlayStation 4 video game consoles in just over four months to April 6, double the number of the older version, PlayStation 3, sold in about the same time frame after its launch," said a report from Reuters.

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