E3 Audience Gags Over Xbox One Price Reveal

by Christopher Freeburn | June 11, 2013 12:21 pm

Xbox_Console_RHS78_TransBG_RGB_2013[1]On Monday, Microsoft (MSFT[2]) announced the price and launch date of next-generation gaming console, surprising analysts and gamers alike[3].

In a presentation at the annual E3 conference in Los Angeles, Microsoft said the Xbox One would hit store shelves in November. Gamers will have to shell out $499 to own the new console, which combines gaming and entertainment functions, The Daily Camera noted.

That’s a lot more than the current Xbox 360, which retails for about $300.

Video game rival Sony (SNE[4]) wasted no time in pointing out that its new Playstation 4 console is priced at just $400.

Microsoft unveiled the Xbox One last month. The new console allows users to move seamlessly between gaming, television and online entertainment[5].

However, the machine’s always-on Internet connection, coupled with its array of microphones, IR cameras and motion detectors[6] has provoked some alarm among privacy advocates.

Shares of Microsoft fell about 1% in Tuesday midday trading.

  1. [Image]: http://investorplace.com/wp-content/uploads/2013/06/Xbox_Console_RHS78_TransBG_RGB_2013.png
  2. MSFT: http://studio-5.financialcontent.com/investplace/quote?Symbol=MSFT
  3. surprising analysts and gamers alike: http://www.dailycamera.com/art/ci_23431707/e3-video-game-convention-unveils-plans-microsoft-xbox-one-sony-playstation-4
  4. SNE: http://studio-5.financialcontent.com/investplace/quote?Symbol=SNE
  5. seamlessly between gaming, television and online entertainment: http://investorplace.com/2013/05/xbox-one-fails-to-rattle-the-msft-cage/
  6. array of microphones, IR cameras and motion detectors: http://investorplace.com/2013/05/xbox-one-ultimate-entertainment-console-or-disaster/

Source URL: http://investorplace.com/2013/06/e3-audience-gags-over-xbox-one-price-reveal/
Short URL: http://invstplc.com/1ftL5FE