If you're still waiting for the right moment to jump into the newest console generation, you're not likely to find a better deal than this for a while. Target is currently selling the Xbox Series S Starter Bundle for $219.99 (originally $299.99). This is the lowest price this bundle has ever been, after a quick check of price comparison tools. This bundle brings includes three months of Game Pass Ultimate, which usually costs $44.99. For context, the cheapest I've ever seen the console by itself was when Dell sold it for $229.99 over Black Friday.
If you're not sure if the Xbox Series S (as opposed to the beefier, larger Series X) is right for you, you can see our comparison of the Series X and Series S here. I also previously wrote why the Series S was a better choice for me:
I'm a casual gamer and have had my Xbox Series S for two years at this point. Buying the Series S over the Series X was one of the best decisions I've made for a couple of reasons. The main reason is that the Series S is less than half the price of the Series X. I also knew I didn't care about having a physical disc reader; I stream all my media, and I usually download my games from the online store anyway. My TV is also not 4K, so I didn't mind missing out on the better resolution from the Series X.
The most troublesome aspect was the memory space. The Series S only gives you 500GB (as opposed to the Series X 1TB), with only 364GB available for games. That's enough for about six to 10 games, depending on their size. Luckily, the two main games I've played on my Xbox, FIFA (now EA FC) and Halo games, reached nowhere near the 364GB limit of storage space, giving me enough space to try a different game here and there when it piqued my interest. You can always delete old files you know you're not going to use anymore to make space. And, of course, you can always expand your storage for a lot more reasonable prices now than you could when the Series S first came out. A whole 1TB of storage only runs you $149 (originally $219.99) on Amazon right now.
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