Update, Sept. 8: After images of the new console leaked late Monday, Microsoft confirmed that it will sell the Xbox Series S for $299, its smallest Xbox ever, described as an “all-digital next-gen console.” A higher-powered Xbox Series X will reportedly sell for $499. Both consoles are expected to debut Nov. 10 and will compete against Sony’s new PlayStation 5 this holiday season.

Original post: New leaks reveal images, price points ($299 and $499) and a release date (Nov. 10) for Microsoft’s new Xbox console.

Thurrott posted a leaked photo that show a white lower-priced “Xbox Series S” for $299. Windows Central confirmed the $299 console, and said the black Xbox Series X will go for $499. Both consoles will have a monthly payment option, according to Windows Central, which also reported a Nov. 10 launch date.

Microsoft has called the Xbox Series X its most powerful console yet. The device will work with four generations of games and features four times the processing power of an Xbox One.

Windows Central notes that the Xbox Series S will be “roughly around as powerful as the Xbox One X, perhaps geared towards 1080p monitors with better frame rates.” It’s unclear if it has a disc drive.

Microsoft is also preparing to launch its Project xCloud game streaming service across 22 markets (including the U.S.) on Sept. 15 for Android, allowing Xbox Game Pass Ultimate subscription members to play more than 100 games on their phone or tablet.

Microsoft previously said it would launch its new console this holiday season.

Here was Microsoft’s apparent response to the leaks:

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