To be held sometime in April, the Xbox event has been pushed back to May and it will not be a full-fledged launch claims the source. The event would be offering glimpses of the next-gen Xbox codenamed Durango. The full release is slated for June during the annual E3 event.

The same information has also been provided by Paul Thurrott of Supersite for Windows and according to him the new console, which was initially set to rock the stage on April 24, has been delayed to May 21. The interview where Thurrott spill the beans on the Durango can be found here. Skip to 54:44 mark to listen to Thurrott talking about the next Xbox.

When it comes to pricing, Thurrott is of the opinion that the console will be costing somewhere in the $500 mark with the Xbox live subscription alone costing somewhere around $300 annually. The next Xbox is believed to hit the shelves sometime in November just before the holiday season.

Microsoft’s rival Sony unveiled its PlayStation 4 back in February. The PS4 is the fastest piece of gaming equipment till date and features an octa-core processor, 8GB of RAM and an extra-large hard drive.