The console also comes with an Xbox One wireless controller and a one-month pass for Xbox Live Gold, so you can start playing online against your friends right away.
There's also the option of subscribing to Xbox All Access, which for $19.99 a month for 24 months gives you access to over 100 games and gives you the option to upgrade your console when the new Xbox 'Project Scarlet' arrives at the end of 2020.
As well as a great games console, the Xbox One S is also a brilliant home entertainment system. It can stream Netflix, Amazon and other on-demand content in Ultra HD, and it works with Dolby Atmos sound systems too. On top of all this, the Xbox One S outputs HDR video as well.
The deal includes codes to download three gamesMicrosoft
Although the new Xbox will be out a year from now (and likely priced at around $500), Microsoft has promised that all new games will work on the One S for the foreseeable future. So, while the new model will boast better graphics and other features, the games themselves will continue to work on the One S for some time to come.
Even if you aren't that into video games, a $150 Xbox One S makes for a fully-fledged home entertainment system and media streamer.
Add all that together, and we think $150 for the console and three games is excellent value for money, and makes for a genuinely attractive Black Friday deal for for any smart home.