1TB Xbox One Adds $50 Gift Card

Following yesterday's official announcement of the 1TB Xbox One and revamped controller, Microsoft has rolled out a special deal on the new console.

Anyone who preorders the system through the Microsoft Store will receive a bonus $50 gift card. The console launches June 16 and also comes with a free copy of Halo: The Master Chief Collection.

The code will be sent to your email address within 10 days.

The $50 gift card promotion is good through June 30 and also works in-store. Codes must be redeemed by December 31, 2015, and are not combinable with other offers.

The updated Xbox One announced yesterday features not only a larger hard drive (up from the standard 500GB), but also a new matte finish. Otherwise, however, it's identical in look to the existing model. A new Xbox One controller featuring a 3.5mm stereo jack and updated bumpers is also included in the box and will be available to buy separately.

Microsoft's other piece of news this week is that the 500GB Xbox One model without Kinect has received a permanent price drop down to $350.

We're expecting even more news and announcements from Microsoft during the company's E3 briefing, which is now just days away.