The PlayStation 4 has received a price drop in every major region, including the U.S. and Canada .

But it must survive the holiday season with no heavy-hitting AAA exclusive titles, as the hugely anticipated Uncharted 4: A Thief's End got pushed into 2016.

So, with Xbox One coming hard with Halo 5: Guardians , Rise of the Tomb Raider and Forza 6 , can PS4 maintain its hot performance thanks to the lowered price tag? Of course, Sony's system is now the same price as Xbox One, as Microsoft permanently cut the price of their console earlier this year. They kinda had to, because it just wasn't selling very well. Even after the price drop, however, it couldn't manage to outsell PS4 in this country (with the exception of one month, I believe).

Now, you've got two consoles that are the same price and one has the obvious edge in terms of exclusives. And it seems like Xbox One is leaving its poor reputation behind, so perhaps Microsoft has what it takes to land a big win this holiday season. On the other hand, if PS4 was still winning even as the more expensive machine, this price drop – effective in Japan, Australia, most of North America and European territories – might be huge for Sony.