https://techcrunch.com/2020/09/08/microsoft-confirms-compact-299-xbox-series-s-next-gen-game-console/

Microsoft has confirmed via its official Xbox Twitter account that a discless, tiny Xbox called the Series S will be released alongside its forthcoming Xbox Series X. The Series S was initially leaked late Monday, first by Brad Sams on Twitter, and also by Walking Cat. The Xbox account tweeted an image fo the same small design dominated by a large, round vent grill, and said that the estimated retail price at launch for the new version of the console will be $299.

The original leak from Sams also includes the $299 price, and Walking Cat’s leaked trailer video inlaid more details – including noting that the console is 60% smaller than the forthcoming Series X, but that it includes a high-speed 512GB  NVMe SSD, with performance offering up to 1440p resolution at 120FPS, along with 4K upscaling. It’ll also support DirectX ray tracing.