Microsoft on Tuesday confirmed that it is ready to launch a smaller, cheaper version of its upcoming next-generation console.
The company is currently gearing up for the release of its Xbox Series X device later this year, promising powerful specs and improved graphics quality in a bid to convince gamers to part with its cache for new gaming hardware did.
It will go head-to-head with Sony’s PlayStation 5, or PS5, with both consoles expected to hit shelves before the holidays. You can check the breakdown of the main differences between the Series X and PS5 here.
Microsoft called the new device the Xbox Series S in a tweet on Tuesday. It stated that the Xbox Series S would be the “smallest Xbox” and would cost $ 299. The firm declined to provide a release date or any specs. For reference, Microsoft has stated that the Xbox Series X will be four times more powerful than its predecessor, the Xbox One X.
The company has been plagued by leaks about a more affordable next-gen machine. On Monday, Windows Central – a publication that closely follows Microsoft News – reported that the main Xbox Series X console will cost $ 499, while the Xbox Series S will come with a $ 299 price tag.
Quoting sources, Windows Central said that both consoles will have monthly financing options. Windows Central reported that consumers would be able to purchase either the Xbox Series X for $ 25 per month, or the Xbox Series S with $ 25 per month. Microsoft said there was nothing further to share it beyond its tweet on Tuesday.
This is the first time any of the major console manufacturers have revealed any pricing details for their next-gen devices. Sony unveiled the PS5 for the first time in June, but did not provide any pricing or release date information. According to Windows Central, both of Microsoft’s new consoles are scheduled to launch on November 10.