Included with the bundled customers will also get free codes to download Quantum Break and Alan Wake games. Microsoft says that the price cut will only be available until October 1st. However, it seems that the company is simply creating momentum to start getting rid of the current inventory to make space for the Xbox One S that will release in August. The new console is 40 percent smaller than the current model. It also comes with 500GB, but you also have the option of a 1TB or 2TB storage capacity. The Xbox One S has a new sleek and compact design, it includes 4K video playback support, more USB ports, and slightly improved hardware. Now the question is whether you should buy the current version of the console for $279 or wait for the Xbox One S. The answer is tough, but the short answer is that the Xbox One S is simply smaller with some hardware tweaks, then everything else is pretty much the same.   If you own a TV or monitor with 4K resolutions, you probably want to wait and pay the extra $20 to get the 4K video playback and HDR support, otherwise, you can go either way. The new Xbox One price cut also expand to different models of the console, you can check to see all the available bundleds with the respective new prices. All content on this site is provided with no warranties, express or implied. Use any information at your own risk. Always backup of your device and files before making any changes. Privacy policy info.