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Xbox Confirms Next-Gen Console to Rival Valve's Steam Machine

11/20/2025

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Story summary
  • Sarah Bond, president of Xbox, confirmed Xbox console is in development, stressing its importance to the company's future.
  • The next-generation Xbox will compete with Valve's upcoming Steam Machine, described as a versatile gaming system.
  • Valve's Steam Machine is expected to outperform many current PCs but may be expensive, with price speculation above $500 and possibly $600–$700, which would make a PC build or the PlayStation 5 Pro more appealing.