In the wake of the news this week that the PlayStation 4 is getting a price cut in Japan, some wondered if the console might also get a price drop in the United States. According to Xbox One boss Phil Spencer, that’s just about a sure thing, though it doesn’t worry him about Microsoft’s own plans for this holiday.

“I fully expect they [PlayStation] will drop price,” Spencer told IGN. “When I think about the playbook they’ve used in the past, we feel good about the plans we have in place going forward in the holiday. If history tells, then we’ll see a price drop from them coming.”

The PS4 launched in November 2013 priced at $400, where it’s stood ever since. By comparison, the Xbox One debuted at $500 (with a Kinect camera), but later dropped to $400 and then again to $350 where it stands today for the base model without the Kinect

“It’s great for gamers when price competition happens,” Spencer added. “We saw that last holiday, and we saw crazy sales numbers on all of the consoles.”

Sony’s next announcement event will be the Paris Game Show in October. Spencer mentioned this event in the interview, but that doesn’t mean this is necessarily where Sony will announce a PS4 price drop, if it does at all.

If Sony does indeed implement a PS4 price cut, where would you like to see it fall to? Share your thoughts in the comments below.