Xbox One S gets a $50 price cut in advance of Project Scorpio reveal tomorrow (Update)

First unveiled at E3 last year, the Xbox One S console is getting a $50 price cut tomorrow — timed alongside the final reveal of Microsoft’s Project Scorpio at 2PM PT / 5PM ET — Microsoft announced on Twitter. This brings the cost of a new Xbox One S to just $249 for 500GB bundles and $299 for 1TB options, for just one week only. Just last week, Sony released a special gold $249 PlayStation 4, down from its normal $300 asking price.

Microsoft clarified that this discount is only good for select Xbox One S models, such as the Battlefield 1 500GB bundle and the 1TB Forza Horizon 3 bundle. This does not apply, however, to the $249 500GB Minecraft bundle. Last year, the Xbox One enjoyed a $50 price cut just in advance of the reveal of the Xbox One S, and a further $20 cut following it.

It’s not clear where Microsoft will land on Project Scorpio pricing, but a plethora of powerful components that the company hasn’t been shy about trumpeting in the lead up to tomorrow’s press conference would seem to indicate premium pricing. Microsoft’s Mike Ybarra — corporate vice president of the Xbox and Windows gaming platform at Microsoft — said Scorpio is being built for “that premium customer, the gamer that expects the absolute best versions of the games.”

The Xbox One launched in November of 2013 for $500, compared to a $400 launch price for the PlayStation 4, though Microsoft rapidly reduced the price of the machine in the ensuing months by omitting the originally required Kinect camera.

You can watch Microsoft’s E3 2017 press conference on Polygon.

[Update: Microsoft emailed to clarify the announcement, with details on which bundles would be available for discount — noting that pricing may vary by retailer — and specifying that the discount would only last the week. This piece has been updated accordingly.]