Microsoft "feels great" about Xbox One price

Microsoft’s Phil Harrison comments on the questionable $499.99 price tag of the Xbox One in an interview with Telegraph:

"We feel great about the value of Xbox One. It’s a unique architecture, with Kinect and the power of the cloud. What we showed yesterday was the most incredible games lineup in any first few months of a platform launch, many of which are exclusive and all of which have advantages being on Xbox One. That’s what’s really going to drive value. We couldn’t be happier with the price we’re starting at."

Microsoft announced the $499.99 price tag at its E3 press conference yesterday while Sony announced a $399.99 price tag for the PS4.