Microsoft has announced the price for its Xbox Series X. The next-gen console will be available for a retail price of $499. The rumors had previously suggested this and now the company has officially confirmed it.

The official website also confirmed that the console will be available for a $34.99/mo price for 24 months with Xbox All Access. This will definitely sit well with the fans considering it won’t have an immediate strain on their wallet. The pre-orders for the same start on September 22. Additionally, the Xbox Series X console launches on November 10, 2020.

Xbox Chief Phil Spencer announced “Gaming has evolved in the last decade to make it easier, simpler and more affordable for any player to make that first connection with a new world, a new story, or a new friend. With a family of next-gen Xbox consoles, even greater variety and value with Xbox Game Pass, and an expansion to Xbox All Access, we invite everyone to join us for this next generation of gaming.”

Read: Xbox Actually Handled a Major Leak Admirably

Exciting times ahead with the Xbox Series X

The past 48 hours have been an exciting ride for Xbox fans. First, The Xbox Series S was officially announced yesterday due to a major leak. Fans knew that the console existed and the leak gave Microsoft one last push to make them officially announce it. The Series is priced at $299 and will come at a $24.99/mo price with Xbox All Access.

This is incredible news for Xbox fans. Not only do they have a budget-friendly option available, but also have a plethora of games.

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Additionally, Xbox also announced that EA Play will be a part of the Xbox Game Pass. The official announcement stated, “Today, we’re excited to announce the next step in this journey. We are teaming up with Electronic Arts to provide Xbox Game Pass Ultimate and PC members with an EA Play membership at no additional cost starting this holiday. This means Ultimate members can enjoy EA Play on Xbox One, Xbox Series X and S, and Windows 10 PCs, and Xbox Game Pass for PC members get EA Play on Windows 10. “

Read: Will Sony Make Their Move Tonight?

This is bound to make a lot of fans all over the world really happy. Like 2013, Xbox has made the first move yet again. Only this time, it has possibly got everything right with the announcement, price, Game Pass, and xCloud. Over to you, Sony.