Sony & Microsoft are set to upgrade the PS5 & the Xbox Series X consoles next year. Apparently, they have started hiring engineers for the project and are already discussing schematics with
Introducing Xbox Series S, Delivering Next-Gen Performance in Our Smallest Xbox Ever, Available November 10 at $299 - Xbox Wire
Ubisoft CEO Says Next-Gen Consoles to Be the Last, Microsoft “Evolving Beyond Generations”