Microsoft has cut the price of Xbox One consoles and bundles by $50.

Microsoft has cut the price of Xbox One consoles by $50

The 500 GB version will now run you $299 while the 1TB is now $319.This price reduction also applies to various bundles on offer.

For example, The Division Bundle 1 TB bundle is now $349 instead of $399. These's also the Quantum Break bundle available for $299 which comes with a white Xbox One.

The "limited time" promotion runs through June 13, which is the same day Microsoft's E3 press conference kicks off.

Thanks, ffronw.

Hit up the Xbox Store for pricing in your region.