According to a new report first revealed by Games Industry biz, the next-gen Xbox from Microsoft will carry a starting price point of $500 USD. The article points to a Tech journalist by the name of Paul Thurrott who shared very intimate details about Microsoft’s next console. He points out that Durango (code name for next-gen Xbox) will be priced between $300-$500 for its launch units. The reveal of the console was supposed to take place on April 24th, but now has been moved to May 21st, just about a few weeks before E3 in June.
Thurrott also notes that the new Xbox will always require an online connection (which recently stirred up a lot of controversy) and will include a subscription service. Also revealed was a new cheaper Xbox 360 model to be priced at $99 and will be released later this year. Eurogamer points out that this could mean the new Xbox will not play Xbox 360 games.