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Hiku said:

As some people have noted, there's a sense of irony here.

Xbox One at $499 lost to PS4 at $399.
Now three years later Sorpio at $499 is trying the same thing against a $399 Pro.

The situation isn't the same, but history repeats itself.

There's an important difference though: The Scorpio is more powerful than the PS4Pro, in 2013 it was the other way around. Due to the power difference Microsoft can justify a more expensive price tag.