Microsoft has officially unveiled the Xbox Series S, an all-digital next-generation console that will provide gamers with a more affordable option.

The Xbox Series X is set to be the flagship console, with a rumored price point of $599. But the Xbox Series S is set to be released at just $299.

This console was rumored for some time, and eventually leaked on Twitter. Which prompted Microsoft to officially announce it and upload this trailer to YouTube.

Microsoft hasn’t yet revealed when you’ll be able to buy the Xbox Series S, but we can’t imagine either Microsoft or Sony will want to miss out on sales over the holidays.