As most of you know by now, instead of raising the default price of the Xbox One back to $400, Microsoft has opted to keep the price tag at $350.
It's not really a surprise, especially after it was confirmed that Xbox One won both November and December in the U.S. Most gamers have been calling for Microsoft to make this move and now that it's done, what should Sony do? In all honesty, I'm not sure they have a choice. If the price stays at $400, you have to convince consumers that they're getting a much better deal for an extra $50.
Right now, that would be difficult to do. The holiday unpleasantness concerning the PlayStation Network certainly didn't help matters, and let's not forget that PS4 didn't exactly come hard with the exclusives in 2014. We're still waiting on them and while I'm convinced they will outshine whatever Xbox One has planned, it's hard to sell a system on future promises. Besides, everybody knows that in the world of consumerism, there's a very big difference between a $349 and $399 price tag in the eyes of shoppers.
If the timing were any different, I'd advise Sony to stick. But in this particular case, as I said above, I don't think they have any choice in the matter.