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RUMOR: Next Xbox Reveal in May, Costs $500

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Posted on April 8, 2013 AT 04:07am

Prepare your wallets for a hammering as Microsoft is set to announce its next generation Xbox console next month with a price tag of $500, according to a new report.

Microsoft analyst Paul Thurrot claims that the console will release “early November” and will be announced at an event on May 21. This has since been backed up by The Verge. According to Thurrot, the console will simply be called “Xbox” and cost $500 at launch, with a cheaper $300 version available as part of a subscription model.

When it came to discussing the highly controversial always online rumors Thurrot said, ”Looking at some of the stuff I got a long time ago, it actually says “must be internet-connected to use” in the notes, and that’s all I have, but it does say that.”

While the price of the console may seem a little steep it’s only $100 more than the RRP of the Xbox 360 at launch. Despite the price, I still foresee a lot of people happily parting with $500 just for a chance to play with the new shiny as soon as possible. The main question is whether Sony decides to match the price of Microsoft’s console or undercut.

However, most fans are not interested in the price, the only thing they care about is whether the always online rumors are true. That could be a major deciding factor in the next generation console war.

Are you happy to pay $500? Share your thoughts below.

Matthew Bennett, Associate Editor
Matthew Bennett finally got his big break with EGM three years ago, following years of volunteer work for various sites. An ability to go many hours without sleep and a quick wit make him ideal for his role as associate editor at EGMNOW.com. He often thinks back to the days when the very idea of this career seemed like nothing but an impossible dream. Follow him on Twitter @mattyjb89. Meet the rest of the crew.

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