Early this morning, Microsoft announced that the Xbox One will be available for as low as $349 in a special promotion starting November 2 and running at least through January 3, 2015.
The $50 price reduction applies to the Kinect-free base system and to two $349 bundles. One bundle features a white console and Sunset Overdrive, while the other includes Assassin's Creed Unity, last year's Assassin's Creed IV: Black Flag, and Dance Central Spotlight (the second bundle is also available in a package with the Kinect for $449). Microsoft also announced a new $449 bundle available November 3, including Call of Duty: Advance Warfare and the first 1 TB edition of the console (but without the Kinect).
The Xbox One's price has now been reduced by 30 percent less than a year since its launch at $499, and though today's cheaper console eliminates the Kinect that was bundled for early adopters, it includes up to three games. An Ars analysis last year showed that prices drop an average of only 10 percent over the first full year that consoles are on store shelves.