According to the latest rumors, the new Xbox Series S/Lockhart would be worth about half of what the Xbox Series X will be worth
The information comes from "Eastmen", a trusted insider at Microsoft, who revealed through the Beyond3D forums that the Xbox Series S will not only cost half as much as the Xbox Series X, but will come in a small form factor and be a fully digital console. The final price of either is not yet known, but he claims to have heard that Microsoft is willing to sell the Xbox Series X for $400USD.
Pricing like that would be extremely aggressive, but Microsoft would compensate for losses by receiving a larger profit from game sales and Game Pass subscriptions.
Eastmen also spoke about the July event, where not only the Xbox Series S would be announced, but the price of the X Series. According to the informant, Microsoft wants the event to be "a night full of surprises", and will reveal a line of games that will make all previous Xbox game lines pale in comparison.
According to the informant, Microsoft wants to become what Netflix was some years ago in the field of streaming and therefore they are acquiring a lot of quality content for their platform. The Xbox Series S will also play a key role in the company's strategy, and its low price will allow them to enter a new market.
Microsoft's May event was somewhat disappointing, so there is no doubt that Microsoft will put everything on the table at next month's event. However, it is still best to keep expectations low.