Ever since the reveal of Microsoft’s Project Scorpio at E3 2016 last year, industry insiders and analysts have been speculating on what the next generation console could look like – and, more importantly, what it could cost. Although the announcement of Project Scorpio’s hardware specs made it a little bit easier to guess at a price range, there has been little in the way of official news that has made analysts confident in attributing an exact price to the console.

Given that Microsoft will, as usual, be a major player in this year’s E3 2017 when it takes the stage later today, it was always a safe bet that the long speculative period regarding Project Scorpio’s price would finally come to an end. Apparently, however, it has ended thanks to Geoff Keighley, the creator of the Game Awards and the man behind the new E3 Coliseum event that will happen later during E3 2017’s festivities. Geoff took to Twitter to make a sudden and very intriguing announcement:

That’s a huge assertion coming from someone without direct ties to Microsoft, but it’s the kind of information that someone who is a large part of the E3 2017 week might become privy to ahead of schedule. It also makes a lot of sense given what we already know about Microsoft’s new console, as a report surfaced a few months ago regarding Project Scorpio’s price that suggested the exact same retail cost of $499 USD.

Keighley’s news should be taken with a grain of salt for now, especially given that he added the caveat that it will be $499 unless something changes today. That being said, however, it would make sense for Microsoft to have divulged this information to Keighley now, as Microsoft suggested that it would prefer for its E3 2017 presentation to focus on games rather than Project Scorpio and other hardware considerations.

Still, Geoff Keighley is a well-informed video game industry insider whose words carry a certain amount of weight in the community. When he says something, people listen – and this is a huge reveal for a console that will, if Keighley is correct, be extremely pricey while also trying to usurp the now much cheaper PS4 in console sales dominance.

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Project Scorpio is set to arrive at some point in 2017, and will apparently cost $499 USD at launch.

Source: Twitter