The Xbox One has only been on store shelves for six months, but Microsoft is already taking action to try to close the sales gap held by Sony’s PlayStation 4. Microsoft recently announced that the Xbox One will soon be available without the Kinect camera for $399 – the same price as the PlayStation 4. Microsoft also announced that you’ll no longer need a $60 yearly subscription to Xbox Live Gold to access media apps like Netflix or Hulu. And, if you WERE paying for an Xbox Live Gold subscription just to access those apps, Microsoft said it will issue pro-rated refunds to anyone who cancels their subscription by the end of August. We’re still in the very early stages of this video game console cycle, but slower-than-expected console sales forced Microsoft’s hand. So if you’ve been waiting to buy Microsoft’s latest and greatest and don’t think you’ll want or use the Kinect, the $399 version of the console will hit store shelves on June 9.

Shelly Palmer

Shelly Palmer is Managing Director, Digital Media Group at Landmark|ShellyPalmer a technology focused Investment Banking & Advisory practice specializing in M&A, Financings, Strategic Partnerships and Innovation Access. He is Fox 5 New York's On-air Tech Expert and well known for his work on Fox Television's Shelly Palmer Digital Living. For more information, visit

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"Shelly Palmer Radio Report – May 20, 2014" by @ShellyPalmer