Microsoft just confirmed its next-gen Xbox Series S along with a $299 price tag

• Leaked images of the Xbox Series S, Microsoft's rumored less-powerful version of its coming next-generation console, started to circulate Monday.
• The leaks showed a white device and claimed a price point of $299.
• Microsoft on Tuesday confirmed the leaks, showing off the Xbox Series S and its $299 price tag.

Microsoft has confirmed the long-rumored lightweight addition to its next generation of consoles.

The company's Xbox Twitter account revealed the Xbox Series S early Tuesday after a series of leaks on Monday night. The first leak came from the tech-news site Thurrott, which showed a white console and said the price would be $299. More leaks started popping up elsewhere online, including a video comparing the purported Series S with the larger, more powerful next-generation console, the Xbox Series X.

—WalkingCat (@_h0x0d_) September 8, 2020

"Let's make it official," the Xbox account tweeted along with an image of the device and a confirmation of the $299 price tag. The tweet contained few details beyond describing the device as "next-gen performance on the smallest Xbox ever."

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—Xbox (@Xbox) September 8, 2020

Rumors had been circulating about a cheaper version of Xbox's next-generation console.

Microsoft did not immediately give a release date for the console, but previous leaks have led to speculation it will come out in time for 2020 holiday season (the Series X is confirmed as coming out in November).

The image of the Xbox Series S appears to show it has no disk drive, distinguishing it from the more powerful Xbox Series X.

Xbox revealed the Series X console in December but has yet to confirm a price point for it.

On Monday, the Windows Central journalists Jez Corden and Zac Bowden, who appeared to have obtained the same leaked images of the Series S, reported that the Series X would cost $499.