Microsoft Corp. this week said it will price cut the Xbox One to $299 in Dec. following a discount Black Friday weekend.

Through Dec. 26, customers can purchase the Xbox One starting at $299.

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

Microsoft in Dec. said sales for the Xbox One increased 22 percent in the Black Friday shopping session.

The company said the sales increase marked the second biggest Black Friday week in the 15 years of Xbox console sales in the U.S.

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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