Tomshardware - Xbox Series X hot chips 2020 Deep Dive.

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EpicRandy said:

I think 599 is possible only if Sony use the same pricing.
Spec/cost wise it makes more sense at 599 but if the ps5 goes for 499 I bet Microsoft are willing to subside to match that price.
Sony are probably in the exact same situation which is probably why both of them still did not reveal pricing.

If anything they will try not make a big loss on Series X because the early adopters, hardcore and scalpers will pay for Series X this holiday. MS is already preparing us with 'leaks' from Youtubers' and influencers.

The subsidization will be with the cheaper Series S as it will be most likely be the cheaper all digital model.