It's a big weekend for Microsoft as the company is holding its Xbox celebration event, X019, in London, England. The event kicked off yesterday with tons of new reveals and announcements from new games like Obsidian Entertainment's Grounded to new information on the Game Pass and xCloud fronts as well. While there wasn't any next gen talk, Phil Spencer did open up a little bit about the company's plans for Project Scarlett.

Even though Phil Spencer didn't begin this console generation as the Head of Xbox, since taking over from his predecessor he has managed to undo many of the problems of the Xbox One and innovate in other areas like Game Pass subscription and create new SKUs like the Xbox One X. It's clear Spencer and his team has learned a lot from this generation, going on to say that at Project Scarlett's launch, the company will not be out of position on power or price.

I would say a learning from the Xbox One generation is we will not be out of position on power or price.

Spencer goes on to admit that when Xbox One originally launched, Microsoft's console was $100 more expensive and less powerful than its closest rival, the PlayStation 4. This time around, the leadership team that has been put in place is aiming to fix those issues with Project Scarlett. The team is all in and ready to compete this generation.

xbox project scarlett price

So we’re going all in. We’re all-in on Project Scarlett and I want to compete, and I want to compete in the right ways which is why we’re focused on cross-play and backward compatibility.

Ultimately, Microsoft isn't fully ready to talk about Project Scarlett in great detail, so fans will likely have to wait later into 2020 when the next generation consoles will be nearing release. Regardless, Microsoft still has plenty of big things planned for the rest of the Xbox One's lifespan if yesterday's reveals at X019 were anything to go by.

Project Scarlett is launching Holiday 2020.

Source: The Verge