Xbox One Spring Sale
Xbox One bundles are down to $299 during the spring sale beginning March 20. Microsoft

Microsoft revealed an Xbox One price cut Friday as part of a limited-time spring sale from March 20 -28. The $299 price, down from $349, is not permanent, but it could hint at the Xbox One's future. The new price affects all bundles, which is a great deal considering it covers games such as "Tom Clancy's The Division," "Gears of War: Ultimate Edition" and the upcoming "Quantum Break."

The spring sale includes a 40 to 60 percent discount on new games. "Fallout 4," "Halo 5: Guardians," "Call of Duty: Black Ops III" and "Far Cry Primal" are among the 150 titles on sale. Xbox Live Gold members receive a discount of up to 10 percent discount on top of the original deal.

For those waiting to purchase an Xbox One, this is the best deal to date. The Xbox One "Quantum Break" bundle, available April 10, includes a digital copy of "Alan Wake." As part of a cross-platform play by Microsoft, the bundle includes a digital copy of "Quantum Break" for Windows 10. The Name Your Game bundle lets players choose from "Forza Motorsport 6," "Rise of the Tomb Raider," "Gears of War: Ultimate Edition" and "Rare Replay."

Backward-compatible games from the Xbox 360, including "Fallout 3" and "Just Cause 2," will also be part of the spring sale, as well as PC games, movies and TV shows, on sale starting March 20. "The Martian," "Straight Outta Compton" and "Better Call Saul" are among the discounted titles.

Considering the gap in sales between the Xbox One and PS4, the former has sold around 19 million consoles worldwide while the latter has sold 37.7 million, the price cut could become permanent in the near future. Microsoft previously slashed the price of its console from $399 to $349 for a limited time before the official price cut, according to gaming site Kotaku.

With Sony earlier this week unveiling the PlayStation VR, which will run on the PS4, this could be an attempt by Microsoft to persuade gamers to purchase the cheaper Xbox One.