They've been very clear from the start that this price drop was for the holiday season only. And given that the price drop worked exactly as intended to where they sold a crapton of consoles this season, it should not be at all surprising that they're following through now that they're on solid ground. Frankly, the console is worth more than what they're charging for it right now, but they needed to do this as a show of goodwill to make up for some early missteps and to try to change perception. It remains to be seen whether people will go apeshit over the "raise" in the price. That's certainly possible, because for some reason people love to jump on the "fuck Microsoft" bandwagon and harangue about how anti-consumer they supposedly are while completely giving Sony a pass for their tacit refusal to offer much of anything in terms of incentives, but that's another topic entirely. The price cut was a savvy business move to capitalize on the 2014 holiday, and it did exactly that. The X1 is a very good value at its current price, and is still a good value when they go back to charging (gasp!) a whole $50 MSRP more for it on January 4th.
As an aside since it was brought up, worrying about the name of a console is really pointless. I know the internet loves to mock the bullshit marketing/branding that went into coming up with the Xbox One name (and it is a bit cheesy, IMO), but what do people really want? Sequentially numbered everything? That's the other end of the spectrum where no work is done at all. HERE IS NEW NUMBER. COMMENCE EXCITEMENT. Let's give the Xbone or Xbox 180 crap a rest. That shit belongs on console wars forums. Additionally, if you're into the whole brevity thing, it's more cumbersome to type either of those things than to simply type X1, XBO, XB1, etc., which as @humanity mentioned, will be 100% understood on gaming forums every time. I'm not just trying to pick on the OP here, either. It's just that I'm so fucking tired of the internet high-fiving itself over lame shit like snarkily re-naming a product. Given that we're now over a year into the life of the new consoles, it's no longer cute or clever (if it ever was). JMO.
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