Microsoft's Xbox One, originally priced at $499, dropped to $399 in June, according to Time. But recently, the console's cost got slashed with another $50 off, pegging the price tag at $349 exclusively for the Holidays.

The promotion runs next week, from Nov. 2 to Jan. 3, 2015. Microsoft corporate vice president Yusuf Mehdi made it clear via the Xbox Wire, "We're offering our best price yet."

Special bundles will come along the discounted Xbox One, announced Xbox Wire. Some of them include the Xbox One "Assassin's Creed" Bundle (with a Kinect version priced at $449), Special Edition "Sunset Overdrive" Bundle and Limited Edition "Call of Duty: Advanced Warfare" Bundle.

In their official statement, Xbox head Phil Spencer enticed avid gamers to consider getting the console because "Only on Xbox One can you play some of the most anticipated exclusives, newest blockbuster franchises and innovative independent games of the year."

"We're pleased to start the season off early with an incredible portfolio that includes millions of hours of fun for gamers and their friends," he added.

The offering will be available at Amazon, Best Buy, GameStop, Microsoft Store, Target, Toys 'R Us and Walmart.

Apparently, Amazon has already kicked off the season's sale the "Assassin's Creed" and "Call of Duty" Bundles. IGN added that trading a functional Xbox 360 or PS3 for a $100-credit is possible.

Deals with Gold

Meanwhile, Major Nelson reported the list of this week's Deals with Gold. The games are now discounted at the Xbox Games Store until Nov. 3.

For the Xbox One, "Titanfall" gets a 50% slash off its original price ($49.99). Add-ons "Titanfall Season Pass" and "Battlefield 4 Assault Shortcut Kit" are discounted at 67% and 33%, respectively. The latter is available for both Xbox Live Gold and Silver members.

There are more titles out for the Xbox 360: "Grand Theft Auto (GTA) IV" sells with a whopping 75% discount (now $4.99), while the newest "GTA V" takes half of its price (now $29.99).

"The Walking Dead Survival Instinct" slams the highest discount at 80% (now $9.99).

Games available for Gold and Silver members until Oct. 31 include 66%-off "Dead Space," 75%-off "Alice Madness Returns," 75%-off "Mass Effect" and 50%-off "Dead Island: Riptide."

"GTA San Andreas (Remastered Edition)" gets a 75% discount which lasts until Nov. 10.

Sure-fire hit games on the Xbox One this holiday season include "Halo: The Master Chief Collection," "Forza Horizon 2," "Destiny," "Dragon Age: Inquisition," "FIFA 15," "Madden NFL 15," "Minecraft" and more.

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