"We're over-delivering value": Mattrick defends Xbox One pricing

Xbox One's $499 / £429 price-point has received some flack since it was confirmed last week, but Microsoft's Don Mattrick believes the numbers stack up as the company is over-delivering value.

Speaking with Bloomberg TV, Mattrick said, It's a lower number than some of the analysts had forecasted. We're over-delivering value against other choices I think consumers can get.

"Any modern product these days you look at it [and] $499 isn't a ridiculous price point. We're delivering thousands of dollars of value to people, so I think they're going to love it when they use it."

Meanwhile Phil Spencer has said that consumers will only see the true value of Xbox One once its sitting on retailers shelves and all the ins and outs of the console are laid bare.

What do you think?

Thanks Gamespot.