Microsoft Corp. this week said it will price cut the Xbox One to $299 this Black Friday.

Between Nov. 26 to Nov. 30, customers can purchase the Xbox One starting at $299.

In addition, all Xbox One bundles will be price cut by $50.

Xbox hardware revenue declined 17 percent in the first quarter due to lower Xbox 360 sales volume.

Xbox Live users increased 28 percent in the period to 39 million users.

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