https://wccftech.com/xbox-series-s-lockhart-half-price-series-x/

The Xbox Series S/Lockhart may be half the price of the Xbox Series X and it will be an important part of Microsoft strategy for the soon to begin new console generation.

Speaking on the Beyond3D forums, eastmen, who has proved in the past to have access to Microsoft insider information, revealed that the Xbox Series S will be half the price of the Series X, come in a small form factor and it will be an all-digital console. The insider doesn't know the final pricing for the Xbox Series X, and thus the Series X, but he had heard that Microsoft was prepared for a $400 Xbox Series X.