Xbox One price drops to $350 in US starting Friday

The Xbox One will cost $350 at all US retailers starting Friday, January 16, as part of a promotion celebrating the new year. The price drop comes just two weeks after the Xbox One holiday discounts ended. The holiday promotion did well for Microsoft, placing US Xbox One sales ahead of PS4 sales in November and December, according to the NPD.

"Building off a record-setting holiday, we are excited to announce a new promotion in which fans in the US can buy an Xbox One at a special price of $349, starting tomorrow, January 16, from their preferred retailer," Xbox Corporate VP of Marketing Mike Nichols said in a blog post. "We are thankful for all the excitement for Xbox One this holiday."

Note that Nichols called the price cut a "promotion," not a permanent drop. In a video accompanying the blog post, Head of Xbox Phil Spencer promised that a screenshot function is coming to Xbox One "early this year."

"I know it has been a question for quite a while," Spencer said. "We delivered themes; I think a natural add-on to themes are screenshots."