By Jonathon Dornbush
Updated October 08, 2015 at 12:44 PM EDT

As the fall holiday gaming season swings into motion, Sony has decided to bump down the price of its console.

Sony will announce on Thursday that the price of PlayStation 4 will drop to $349, which makes the console’s base price even with its most direct competitor, Microsoft’s Xbox One. The PS4 launched in November of 2013 for $399, this being the first major price cut since its debut.

The PS4 bundles on the market will also receive various price cuts, so wise shoppers should make sure to at least pick up a bundled version of the console for an additional game at no extra cost. The Uncharted: The Nathan Drake Collection PS4 bundle will cost $349, the Call of Duty: Black Ops 3 bundle with a 1 TB console will cost $429, the Disney Infinity 3.0 bundle will run $399, while the limited edition Star Wars Battlefront console will cost $399 and the normal Battlefront bundle will run $349. The NHL 16 bundle, currently only available in Canada, will cost $429 CAD.

Some of those bundles won’t be available until November when their respective games launch, but the price cut will start to be in effect on Oct. 9 when the Nathan Drake Collection bundle releases.

While not a price drop, Microsoft announced a host of new Xbox One bundles, in addition to those already available, for this holiday season, most of which give players multiple games with their purchase. For more on what games you can pick up with whichever console you choose to buy this fall, check out EW’s fall games preview.

Call of Duty: Black Ops III

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