When you buy through our links, we may earn money from our affiliate partners. Learn more. Xbox announced the Series S on Tuesday. Microsoft Microsoft has revealed the Xbox Series S, a new compact $299 next-gen console set for release on November 10.The Xbox Series S will be cheaper and slightly less powerful than the upcoming flagship Xbox Series X, and it won't feature a disc drive.Preorders will launch on September 22, and Microsoft is also offering a $24.99 monthly payment option through its Xbox All Access program.Microsoft's new Xbox Series S console will cost $299 when it launches on November 10.