The company is offering up to $100 in credit at its Microsoft Store locations for people who bring in a fully-functional PS3, Xbox 360 E or Xbox 360 S, and use it on the purchase of a new Xbox One.
If that number sounds familiar, it’s because that’s the exact difference in price between the Playstation 4 and the Xbox One. Because Microsoft bundled the Kinect with its console, potential buyers have to throw down an extra Benjamin if they want to pick up an Xbox One. It looks like Microsoft is trying to level the playing field for budget-conscious gamers who are looking to trade up from their old console, whether it’s a PS3 or 360.
It’s a key move for the Xbox One, which is currently trailing in total sales of the PS4, though Microsoft says that its sales are growing faster than Sony’s.
According to the offer, Microsoft Store employees can offer less for a console if it’s not up to par, and users will only get the full $100 in credit if they turn around and buy a new Xbox One.
Long-time owners of the Xbox 360 are left out in the cold, though. Even if a console from the 360′s early days managed to survive the Red Ring of Death, it won’t be eligible for a trade-in. Microsoft is only accepting the newest two revisions of the 360. Still, in its attempt to compete with Sony, the company will take any old PS3, so long as it works.
Users also might not want to trade in their old console, since the Xbox One isn’t backwards-compatible with game discs from the 360. It is possible, however, to play Xbox 360 games while getting all the advantages of owning an Xbox One by plugging the older console into the newer console’s “TV In” port.