UPDATE: A Microsoft representative clarified to IGN that the $50 price drop only applies to select Xbox One consoles and will only apply from June 11 through June 17.

The discount includes the Battlefield 1 500GB bundle and 1TB Forza Horizon 3 bundle. It does not apply to bundles that are currently reduced such as the Minecraft bundle currently available for $249.

As such, until June 17, 500GB bundles are $249 and 1TB bundles are $299.

The console price cut was confirmed on the official Xbox Twitter account. Microsoft might be making way for the unveiling of Project Scorpio, a premium and upgraded Xbox One system.

Source: IGN US