Update (6/9 6:00pm): Microsoft is offering a $50 promotional code to its store with the pre-order of the 1TB Xbox One + Halo: The Master Chief Collection Bundle.

After hearing rumblings last week, Microsoft has announced that it will officially be dropping the price on its 500GB Xbox One model to $349. We frequently see deals in our daily games/apps roundup that are even lower than this updated list price. A new 1TB console that includes the Halo: Master Chief Collection was also detailed by Microsoft this morning, which will start at $399 and is available for pre-order now.

Today’s new consoles will ship with Microsoft’s updated Wireless Controller which now includes a 3.5mm stereo headset jack, eliminating the need for extra add-ons or third-party solutions. The special edition Covert Forces controller that we previously detailed is also available for pre-order today as a part of this news.

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