Microsoft prices Xbox at US$499 for November launch

Microsoft said on Monday its new Xbox One console would launch in November at US$499 (HK$3,874) in the United States, higher than most gamers had expected.

The price is greater than its current console, the Xbox 360, but it includes a Kinect motion sensor for hands-free game playing.

Microsoft announced the Xbox One in May as the latest move in its rivalry with Nintendo and Sony in the US$65 billion (HK$504.6 billion) a year video game business.

via Business feed http://www.scmp.com/business/companies/article/1258280/microsoft-prices-xbox-us499-november-launch