The Xbox One will drop to $299 for a “limited time” next week, Microsoft said today, as part of its ‘Spring Sales’ discounts program. So, if you were planning to buy the console, you no longer need to plan any longer, or pay any more.

As for discounts, Microsoft has the habit of announcing “limited” hardware price cuts that transform into permanent ones, so this ultimately becomes a bad news for those who chose to buy the product at the wrong time. In the fall of 2014, Microsoft offered the Xbox One for $350, or $50 cheaper than its standard Kinect-free price, promising that the discount would be “limited.” On January 3, 2015, they bumped the price back up to $400.

Then, just two weeks later, it dropped to $350 again. So anyone who had bought the console between January 3 and January 16 had to pay a premium for not being in the loop.

At $299, this deal is definitely a killer as we are getting current gen hardware along with the free games at such low prices. As we mentioned earlier, you can expect this deal to become a permanent one as the temporary one is already out. So, make sure you don’t buy the product at the wrong time.

Here is a specs overview for the Xbox One.

It sports a 8 Core AMD custom CPU that is clocked at 1.75 GHz. The GPU is clocked at 853 MHz and features 768 Shader Cores. As for the RAM, it comes with 8GB DDR3 memory, clocked at 2133MHz and having a bandwidth of 68.26 GB/s and 32MB of eSRAM. Internal memory is a non-replaceable 500GB, 5400 rpm Hard Drive, however, external drive support is available. Networking options include Gigabit Ethernet, WiFi (A/B/G/N dual-band at 2.4ghz and 5ghz) and WiFi Direct support. HDMI input and output that is capable of 4K output and other I/O ports include 3XUSB3.0’s.

Are you planning on picking up the particular deal? Let us know in the comments below.