In addition to the upcoming high-end Xbox, Microsoft is planning to launch a cheaper, disc-less and less powerful next-gen Xbox in late 2020, according to reports by The Verge and Kotaku.

Two new Xbox consoles in 2020
Microsoft has already announced plans to launch a powerful next-generation Xbox, tentatively named 'Project Scarlett', in late 2020. It will feature up to 8K graphics, up to 120fps frame rates, SSD, UHD Blu-ray, ray-tracing, VRR, and more.

Microsoft is also planning to launch a more affordable base version, internally known as 'Lockhart', according to sources who have briefed The Verge and Kotaku. The more affordable Xbox console will be part of the holiday 2020 launch. It will be disc-less and less powerful, but still feature the next-gen CPU and SSD.

Game consoles' graphical power:

Xbox One
1.3 Tflops
Xbox One S
1.4 Tflops
PS4
1.8 Tflops
PS4 Pro
4.2 Tflops
Xbox One X
6 Tflops
Xbox 'Lockhart'
~4 Tflops
Xbox 'Anaconda'
>10 Tflops
 One source claims that 'Lockhart' will deliver around 4 Teraflops of graphical power, which is less than the current Xbox One X (6 Teraflops) but roughly on par with PlayStation 4 Pro (4,2 Teraflops). With the more capable high-end Xbox, Microsoft is allegedly targeting more than 10 Teraflops.

This should allow 'Lockhart' to deliver 1440p at 60fps, while 'Anaconda' - both know as 'Project Scarlett' - will deliver 4K at 60fps more consistently than the current Xbox One X - some games will go higher, some lower. Game developers will be expected to support both consoles.

This is not the first time that we hear about a more affordable next-gen Xbox but reports earlier this year suggested that Microsoft had scrapped those plans. The two new reports claim that Microsoft is indeed still planning to launch two next-gen consoles in late 2020.

The two new Xbox consoles will serve as successors to Xbox One S and Xbox One X. Other details, including pricing, remain unclear.

- Source: The Verge, Kotaku