Did Microsoft Blow the Xbox One Pricing?

Microsoft xbox onespent over an hour and a half showcasing the Xbox One and the many games that will launch with the new console—but only one moment made the entire crowd gasp.

Phil Spencer, general manager of Microsoft Game Studios, announced Monday that Microsoft’s next generation console would be available in November—at a price of $499. And almost immediately, the air went out of the room.

Read more at CNBC.com