Nintendo and Microsoft will take on Sony during gaming's biggest

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The Redmond, Washington-based software and hardware giant announced today via Twitter that it is cutting prices on existing Xbox One S bundles by $50 effective tomorrow.

Toto agrees: "I don't think people care about a beefed-up super-console if there are no games to play on it".

"The PS4 is outselling the Xbox One two-to-one", video game analyst Serkan Toto told CNN Tech. It'd sure make for an attractive headline: Project Scorpio capable of 20 times the power of a regular Xbox One.

Microsoft's E3 briefing is scheduled for this Sunday, June 11, at 9pm GMT via the company's newly renamed Mixer streaming service. Typically, the conference runs about 90 minutes, but Xbox head honcho Phil Spencer warns viewers they're going to run longer than usual so that they can accommodate all of the games they want to show off. Here, then, are five things Microsoft must not do at E3 this year if it is to come out of it without disappointing its fans.

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This seems to be the company's final push for Xbox One S before the Xbox Project Scorpio launch.

The biggest news: Microsoft has the significant announcement that we know about, with new, full details about the console we now know as "Project Scorpio". Here's everything we think will happen.

The new gold Sony PS4 1TB console is in stock on amazon.com and sells for the low $249 price ($50 off). We know Microsoft is going to lay out its battle plan at this year's E3. Sony's PlayStation has sold almost 60 million units since launch, far surpassing the Xbox One. Digital Foundry was shown a version of Forza Motorsport 6 Apex running on Scorpio at maximum settings and at both 4K resolution and 60FPS, meaning that the team at Turn 10 can do whatever they please to make the game look even better.

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