I think that one area many don't consider is the value proposal of a $399 disc bundle vs. a $349 download code bundle.
Especially in a country infamous for its data caps and download speeds.

There is a huge difference of surprising your kid with a CoD bundle on a weekend or Thanksgiving, plugging it in, and then waiting 12 hours for the 50GB game to download, obliterating family's data cap in the process, vs. surprising your kid with a GTA bundle, popping in a disc and installing it in a matter of seconds, and being able to play almost instantenously.

They can still outsell the X1 at $400 lol & it'll still get molested outside of NA + UK with the price cut (if its in effect anyway). They just need a few really good bundles.

He is either crapgamerreviews or nxtgen720. I am 100% sure of that.

Of course they can afford it. If they can't afford that, then they couldn't  have afforded the R&D for the PS4, let alone the initial manufaturing them. The PS4's first 3 weeks (the US and EU launches) amounted to over 2 million sales. If we assume the PS4 was costing them around $450 per unit at the time, then they'll have been sitting on around $1 billion worth of pre-launch stock (likely a bit more).

It's only a question of if they think it's worth it or not.

OT: "Bargain bin" seems somewhat dramatic. The X1 has had more price cuts than we'd normally expect (in various forms), but it's a long way from reaching that sort of territory. Especially when the current $50 cut in a holiday promotion, not a permanent cut. "Doing their best to remain competitive" would be a better description.

It's been more then 1 year since to release of the ps4 i think they could do a 50$ price cut without losing money but i don't think they will

Yes I agree, and besides this price for XB1 is temporary, not to mention that PS4 is techinically superior , so the price is right and well informed people know this.

This an stupid assessment, if we take this as relevant then the PS3 never dropped in price, considering they always cut stuff from the skus, things more important and useful than Kinect. The only relevant thing here is that a year ago you could get a XONE for $500 and now you can get one for $350, if they're not careful, some people would eventually decide to always wait for the next pricedrop which would really hurt their sales baseline.

I agree in that situation it is not 150 dollar price cut. Still its quite confusing, did ps3 get price cut or not? from 599 to 399 euro it was new version without ps2 compatiblity and other stuff. Or can we only count price cuts from 399 euro, because it was the same version?

I don't think they can. They've projected a massive $2.1bn loss for the current financial year. Moreover, the games division still reported a loss last year even with the big increase in PS+ subsriptions. It would be a silly move to lose more money just to stay competitive. There is no need for it since PS4 is already so popular. This is their time to make big profits not just break even. 

Yes, I think they will respond, but not with an official price cut. Special deals, like maybe 2 free games (e.g. LBP3 + 1) should be enough to provide people with a sense of roughly equivalent value. No doubt $50 retailer gift cards will make an appearance. Question is whether Xb one will do $50 retailer gift cards along with the $350 price tag.