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Confirmation of the Xbox Series S naming was affirmed through early Xbox hardware accessories that some had been able to purchase. The existence of the Xbox Series S had been speculated prior to the E3 2019 reveal based on a "Project Lockhart" that accompanied Scarlett, a second lower-end console. On July 16, 2020, Microsoft announced that it had ended production of the Xbox One X and all-digital version of the Xbox One S in preparation for the new products. This included an Xbox Games Showcase on July 23, 2020, featuring games principally from its first-party Xbox Game Studios. Starting in May and running until launch, Microsoft planned to have additional digital events around the Xbox Series X and its games as part of an "Xbox 20/20" series. Detailed specifications were presented by Microsoft, Digital Foundry and Austin Evans of Overclock Media on March 16, 2020. Microsoft scheduled online presentations over the same planned days in March 2020, while the company will schedule its planned E3 presentation at a later time. Microsoft planned to go into detail into the hardware specifications and launch games for the Series X at both the 2020 Game Developers Conference (GDC) and E3 2020, but both events were cancelled due to the COVID-19 pandemic. Following the event, a Microsoft spokesperson stated that Xbox Series X constituted an entry in a fourth generation of Xbox hardware, which will be branded simply as "Xbox" with no subtitle. During a presentation at The Game Awards 2019, Microsoft officially revealed the design of Scarlett and its branding, "Xbox Series X", as well as a late-2020 release date. Microsoft said they wanted a "soft" transition from Xbox One to Scarlett, with Scarlett supporting backward compatibility with all games and most hardware supported on the Xbox One. Microsoft confirmed Project Scarlett at its E3 2019 press conference. By March 2019, further industry rumors had led to speculation of two consoles under the Scarlett family under codenames "Anaconda" and the low-cost "Lockhart" version. The hardware was believed to be a family of devices under the codename "Scarlett", including a low-cost version following a similar scheme with the Xbox One family of consoles, with major emphasis on game streaming and backward compatibility.
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Industry rumors of new Xbox hardware had started as early as June 2018, with Microsoft's Phil Spencer confirming they were "deep into architecturing the next Xbox consoles" at that time.
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The Xbox Series X has higher end hardware, and supports higher display resolutions (up to 8K resolution) along with higher frame rates and real-time ray tracing it also has a high-speed solid-state drive to reduce loading times. In September 2020, Microsoft unveiled the lower-end model as the Xbox Series S.
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The high-end model was first teased during E3 2019 under the title "Project Scarlett", while its name and design as Xbox Series X was unveiled during The Game Awards later in December. Internally, Microsoft had been satisfied with the two-console approach for the Xbox One, and planned a similar approach for the fourth generation Xbox, with the target for the high-end model to at least double the performance of the Xbox One X. Rumors regarding the consoles first emerged in early 2019, with the line as a whole codenamed "Scarlett", and consisting of high-end and lower-end models codenamed "Anaconda" and "Lockhart" respectively. Along with Sony's PlayStation 5, also released in November 2020, the Xbox Series X and Series S are part of the ninth generation of video game consoles. They were both released on Novemas the fourth generation of the Xbox console family, succeeding the Xbox One family. The Xbox Series X and the Xbox Series S (collectively, the Xbox Series X/S ) are home video game consoles developed by Microsoft. All Xbox One games and select Xbox 360 and original Xbox games