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As stock of Series S continue to build up in the supply chain faster than Series X and PS5 stock, it lends credence to the idea that Microsoft will want to do something to make the Series S more desirable. There are the classic ways of doing so, via bundles and price cuts. I think bundles are more likely (especially given the fact that there are some unconfirmed, but likely to be true, reports that Microsoft may subsidize the Series S more than the Series X), especially since we're in our first significantly inflationary environment in decades. A bundle that includes first-party software, or x-number of months of Game Pass, could be a good way to hold the line on their already industry-leading price, while moving more units. So I think that's exceptionally likely in the near future as stock continues to build up in the channel. But... (next point in its own post)