Sony cut the price of its PlayStation 4 to $349.99 back in October, and now Microsoft is responding in time for Black Friday. The software maker has 12 holiday bundles for the Xbox One, and each one is being reduced by $50 for Black Friday. That means you can pick up an Xbox One with Gears of War: Ultimate Edition or The Lego Movie Videogame for just $299. It's a good deal, and it breaks the $300 barrier for the first time, two years after the original launch price of $499. You can find all of Microsoft's Black Friday Xbox One deals below:

• Xbox One Limited Edition Halo 5: Guardians Bundle $449
• Xbox One Elite Bundle $449
• Xbox One 1TB Holiday Bundle $349
• Xbox One Gears of War: Ultimate Edition Bundle $299
• Xbox One Rise of the Tomb Raider Bundle $349
• Xbox One The Lego Movie Videogame Bundle $299
• Xbox One Special Edition Gears of War Bundle $299
• Xbox One with Kinect Bundle $349
• Xbox One Fallout 4 Bundle $349
• Xbox One Limited Edition "Forza Motorsport 6" Console $349
• Xbox One Madden NFL 16 Bundle $349
• Xbox One FIFA 16 1TB Bundle $349

Verge Video: Hands-on with the Xbox One Elite controller