Microsoft’s new $499 Xbox Series X console is coming Nov. 10; Xbox Series S is $299 on same day

Microsoft’s new $499 Xbox Series X console is coming Nov. 10; Xbox Series S is $299 on same day

It’s official: Microsoft Corp.’s Xbox Series X console is coming Nov. 10 for $499 — the same debut as the stripped-down $299 Xbox Series S.

Following a series of leaks, the software giant confirmed availability of the next-generation videogame consoles in an announcement Wednesday. An official launch trailer of the Series S was widely circulated on Tuesday.

Microsoft MSFT, +5.11% said the all-digital Series S uses the same CPU as the flagship Xbox Series X console, which comes with ray tracing, a lighting enhancement to make games look more realistic. “Xbox Series S delivers four times the processing power of an Xbox One console and supports experience up to 120fps,” Liz Hamren, head of platform engineering and hardware at Xbox, said in a statement.

Both consoles can be purchased with monthly payment plans, starting at $24.99. Pre-orders begin Sept. 22.

The Xbox Series S is designed for new games timed to the new consoles’ release, but rely on downloaded games because it will not have a Blu-ray disc drive. In a video posted on Twitter TWTR, +2.88% Tuesday, Microsoft says the Series S will be 60% smaller than Series X.

The Series S comes with a 512 GB solid state drive — roughly half the capacity of Series X, which has a one-terabyte solid-state drive. Microsoft has said the Series X system will feature 1TB expansion port, a 4K UHD Blu-ray disc drive, and a wireless controller.

To offset limited storage, Xbox Series S will include the same removable storage port found on the larger Xbox Series X. (Microsoft isn’t using a disc drive in the Xbox Series S.)

Microsoft and Sony Corp. SNE, +1.94% both have new videogame platforms arriving this holiday season, though Sony has not offered a date or price for its PlayStation 5.

Microsoft shares are up 5% in early-afternoon trading Wednesday.

Originally published on MarketWatch

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