New Xbox to be announced at May event?

Microsoft may be announcing the new Xbox in May.

According to The Verge, Microsoft is planning to hold an Xbox event on May 21 to announce its next console, and will unveil the device at the E3 in June. The tech blog cites “sources familiar with Microsoft’s Xbox plans”.

The next Xbox may be based on Windows 8, The Verge reports. There are no other details on what the console might feature or possible prices.

Microsoft’s competitors have already announced or released next-generation consoles. Nintendo released the Wii U — successor to the Wii — in the fall of 2012. Sony announced the PlayStation 4 console on Feb. 20, but has yet to release a sale date, or even show what the console looks like.

The Xbox 360 has consistently been the most popular console in the United States, for about 25 consecutive months. The device originally went on sale in November 2005 and retailed for about $300 to $400.

New Xbox might have a smiliar price tag depending on different editions of the device and subscription costs.

Source: The Verge