Xbox Head details Project Scorpio pricing; Says it is a “premium” console

But what will it be called?

We have a couple more months to go before we get a full reveal of Microsoft's upcoming console, codenamed Project Scorpio, but Xbox Head Phil Spencer has detailed a bit of what the console will be like in a recent interview. 

Prior to his interview, we knew that Scorpio would have something similar to the average console price point and that it will be packing some power. According to Spencer, during an hour-long interview with IGN Scorpio will be more expensive than an Xbox One S and will be for the "premium" customer, similar to what the Elite series is.

"I call it a premium console because I want people to be clear that the customer we're building that for is the premium gaming customer," said Spencer. "The person who buys the majority of the games, the person who's playing the most games, spending the most hours, spending the most dollars. It's like our Elite controller. I call that a premium controller.

"I'm not trying to scare anybody on the price. We're going to come out on a price that we think is fair for the product that we build and the customers will tell us as they always do. I call it premium because I don't want people to get confused that somehow Scorpio is the thing that is going to take over the Xbox line."

While Spencer didn't outright say the price, he did hint that Scorpio would hold a higher price point than the Xbox One S. The hint came when Spencer detailed that the Xbox One S would remain the top seller, even over Scorpio.

"The majority of the consoles that we're going to sell are the Xbox One S and I'm very proud of that," he said.