Microsoft's new XBox will cost over €500
Microsoft has revealed that its new XBox One games console will carry an "expensive" price tag of over €500 when it is launched in November.
The US firm announced the price of its latest piece of hardware at the E3 electronic entertainment trade show in Los Angeles. It came hours before Sony was set to raise the curtain on its PlayStation 4, pushing the console war between the tech giants to fever pitch.
Microsoft's presentation saw the unveiling of XBox One games, with a mix of legendary franchises such as 'Halo' with a clutch of new titles.
Video games expert Daniel Krupa, who writes for entertainment website IGN, said: "The price is high, but the Xbox One right now has bags of functionality and promise. All eyes are now on Sony to see what they have up their sleeves."