Xbox One Will Be Available for $350 Starting November 2nd

Microsoft have announced that starting November 2nd the Xbox One will be available for $350. This $50 discount will apply to some Xbox One bundles, like the Sunset Overdrive bundle. The promotion will be available till January 3, 2015.
Those looking to take advantage of the deal can purchase from different retailers including Amazon, Walmart and GameStop. The promotion will only be available in the US. With some big upcoming exclusives (Sunset Overdrive, Halo: The Master Chief Collection) it seems Microsoft is pushing hard to "win" this holiday season. Since the launch of the new consoles the PS4 has sold better globally and has been cheaper than the Xbox One. This marks the first time since the launch of the Xbox One that the console is cheaper than the PS4 in the US.

Talking about the special promotion Phil Spencer, Head of Xbox, said, "We want this to be an unforgettable holiday season for Xbox fans around the world... Only on Xbox One can you play some of the most anticipated exclusives, newest blockbuster franchises and innovative independent games of the year. We’re pleased to start the season off early with an incredible portfolio that includes millions of hours of fun for gamers and their friends."
Will this price drop increase sales? We will have to wait and see.