We already know that on July 23rd, Xbox Series X will have one of those reveal events.

23rd July – Xbox first-party games (Halo, other returning IP).

Later in August – Xbox for Lockhart reveal.

Read more – Xbox Event Reportedly Scheduled for July 23

We know that Xbox Series X and PS5 will be highly demanded, and at the same time, people might go for an option like Lockhart. 

This is where Tom mentions that, “But Microsoft really has to talk price in August to sell huge cost advantage of Series S – like “hey, here’s a non-4K next-gen box for half the price of PS5″But Microsoft really has to talk price in August to sell huge cost advantage of Series S – like “hey, here’s a non-4K next-gen box for half the price of PS5.” We will have an official event for Lockhart in August, and that might be the decider for this game between the two companies.