Microsoft's Xbox One Price more than enough?

Microsoft is defending that their latest console the Xbox One's price which is $500 is just right for the system and in fact they are over-delivering value from this next gen system.

Here is what Don Mattrick said in Bloomberg TV:

"We're over-delivering value against other choices I think consumers can get. Any modern product these days you look at it [and] $499 isn't a ridiculous price point. We're delivering thousands of dollars of value to people, so I think they're going to love it when they use it."

The price of Xbox One is $100 more that its competitor PS4 which will be sold for $400 this coming holiday season but Don Mattrick believes that their system has more great features than their competitor's and more people will chose Xbox One over PS4.

"We're really making the living room your center of fun for your family," Mattrick said.

All Xbox One will have a Kinect 2.0 sensor included while the PS4 does not include a Playstation Eye Camera which costs $60 but it still shows that PS4 is cheaper.