I bought an Xbox One (and many other consoles) at their original launch price. Price drops happens. We are early adopters lol.
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That's exactly right when Xbox one first came out it was close too $500 then last year before Black Friday it was $350 I bought mine for $300 with the MCC so it happens I mean it sucks but it something you just have to deal with.
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Yeah, that's about the most appropriate way of looking at things like this. Old stuff loses value.