Just in time for holidays, the PS4 dropped prices is a very welcome news indeed!

The statement on the PlayStation Blog revealed that the price of the 500GB PS4 has been slashed. Surely, this is bound to encourage those who haven’t made the switch to the next-gen console yet to change their minds.

“Since the launch of PS4, our aim has always been to provide players with the best gaming experiences at the best value, and we’ve been thrilled with the amount of players who have joined our world, ” statement shared on the PlayStation Blog.

Some neat bundle offers were also announced and ardent gamers can check those out, here.

Enthusiastic gamers armed with their PS4 consoles have been enjoying titles such as “Dragon Quest Heroes,” “Grand Ages: Medieval,” “Goosebumps: The Game,” “Just Dance 2016,” “Life is Strange — Episode 5: Polarized,” “Tales of Zestiria,” and “Guitar Hero Live.”

As the month rolls out games including “Assassin’s Creed Syndicate,” “WWE 2K16,” “Divinity: Original Sin — Enhanced Edition,” “Darksiders II: Deathinitive Edition” and “MX vs. ATV Supercross Encore” will be made available.

In another news, which can but only delight PS fans, there are big chances that fans can get to enjoy a Virtual Reality (VR) version of “Resident Evil” in the future.  Jun Takeuchi, Consumer Games Development Division 1 Head at Capcom, shared earlier this month that their eyes are set at the VR gaming market.

For those not in the know – the Consumer Games Development Division 1 are the guys behind the very popular “Resident Evil” franchise.

In the “Integrated Report 2015” released by the company, Takeuchi said, “Currently, we are building a new game development engine able to support VR, which is the hottest market right now, while simultaneously developing titles for current game consoles. We have just set sail on our latest voyage.”

Fans can definitely keep their fingers crossed and run through the current pricing on the PS4.

The PS4 price in Australia has now dropped to $479.95 and it will retail for €349.99 in Spain, $569.95 in New Zealand, £299.99 in UK and for €349.95 in Austria and Germany.