As the gaming world heads towards E3 2016, Microsoft announced a pretty sweet deal for its current flagship console, the Xbox One. The console, which has sold fairly well unless compared to its rival, the PlayStation 4, is now being offered by the tech giant for a discounted price. What's even better is the fact that the discount is very significant.

According to the tech giant, the Xbox One console would only retail for $299 for the 512GB model. The higher-end models with 1TB of storage are also discounted at just $319. However, despite the fact that Microsoft announced that the promotions are available only for a limited time and that the deal is actually pretty notable, it would not be in your best interests to get an Xbox One now. Here are three reasons why.

E3 2016 is Just Around the Corner

Microsoft is expected to announce a series of devices during its upcoming presentation at E3. During this event, the tech giant is expected to reveal a number of Xbox-related consoles, including the rumored Xbox One Slim.

Of course, if the Xbox One Slim does indeed turn out to be true, it would mean that the Xbox One would be an outdated console soon. Unless you have to get an Xbox One now, it would be wise to wait a few more weeks.

The Xbox One Lost to the PS4 for a Reason

While Xbox One sales are pretty satisfactory on its own, its sales suddenly become very low when compared to its rival, the Sony PlayStation 4. One of the reasons for this, of course, is the fact that Microsoft's device was rather underwhelming when compared to its Sony counterpart. This was noticed by players, and the Xbox One's sales definitely took a blow.

It would be important to note that the Xbox One is a console that seems to be scheduled for an update. If a device is getting an update, it would be best to check out that those updates are before committing to the original system.

The Xbox Two Scorpio Might Come Next Year

Rumors are emerging that the highly-anticipated Xbox Two device, the rumored Xbox Scorpio, would feature 4x the power of today's consoles. What's more, the Scorpio is alleged to be scheduled for a 2017 release. Thus, if you get the original Xbox One now, your console might very well become obsolete next year.

Generally, the weeks leading up to a major announcement from a console manufacturer is widely regarded as the worst time to purchase a current-generation console. In this case, fortune might very well favor the patient.