Microsoft cuts Xbox One price to $249

Microsoft is cutting the price of its Xbox One console to $249. The new price marks the third price cut in less than two months, ahead of the new Xbox One S launch on August 2nd. 500GB versions of the Xbox One are now $249, and this includes bundles with games like Gears of War: Ultimate Edition, Quantum Break, Forza Motorsport 6, Rise of the Tomb Raider, and Rare Replay.
Retailers like Best Buy and Amazon will be selling Microsoft's Xbox One console at the new $249 price point immediately,