Update: Microsoft has confirmed the Xbox Series S design and price point, promising more info soon.

The price and release date for the Xbox Series X have been leaked, and it looks like good news for Xbox fans. Microsoft has been tight-lipped on its next-generation console’s specific release date and price point, but after the Xbox Series S price and console design leak, the silence has been broken. Fans have speculated on the price for months, with guesses ranging from $400 to $600. As the successor to the Xbox One X, the console is supposed to take the mantle of the world’s most powerful video game console.

From Smart Delivery and more first-party titles to Project xCloud and Game Pass Ultimate, Microsoft has been upping its game with the Xbox brand, wanting to create an Xbox ecosystem that keeps fans connected. Moreover, backwards compatibility will continue to be a focus in the company’s efforts to justify the next-generation system’s price. Furthering the rivalry with the PlayStation 5, the Xbox Series X won the “Most Wanted Tech” Award at Gamescom 2020.

Related: When The Best Time To Buy Xbox Series X Is

In a massive reveal that capitalizes on the recent Xbox Series S leak, Windows Central reports that the price for the Xbox Series X has finally been confirmed. According to the publication’s unidentified sources, the entry-level Xbox Series S will cost $299, and fans can finance the console for $25 per month. Moreover, the Xbox Series X - the more powerful console - will cost $499, and fans will have the option to finance the system for $35 per month. Both consoles will reportedly launch on November 10th, 2020.

Xbox fans can now rejoice over their preferred brand’s next-generation console finally getting a specific price and release date after months of silence regarding the topic. Next-generation games have received most of the attention, but many of Microsoft’s first-party titles have received delays, such as the highly anticipated Halo Infinite. While the delays are understandable given the chaos of 2020, gamers also have a right to be frustrated. The price and release date reveal for the Xbox Series X deserves some celebration, as it is a reprieve from this year’s general ominousness.

Keeping gamers happy and excited is paramount to ensuring a smooth launch for next-generation consoles. Now that gamers have a price point for which to save up, they can start planning their holiday season with both eyes open. Despite the lackluster launch lineup for the Xbox Series X, many gamers will still want to get their hands on the console for the novelty and in preparation for when those first-party exclusives finally release. It’s an exciting time to be an Xbox fan, and hopefully Microsoft has more in store before the system launches this November.

Next: Xbox Boss Says He’s Not Worried About PS5 Outselling Xbox Series X

The Xbox Series X is scheduled to release on November 10th, 2020.

Sources: Microsoft, Windows Central