Thurrot.com stated that the predicted release date would be some time in 2020, with Microsoft supposedly pushing the unrevealed project Scarlet as a "family of devices", rather than just one console.
In other Microsoft news, it looks like the Windows maker is planning on introducing three new Surface-branded products this year alongside a hand-held device called Andromeda.
Discussing the future of its business during its showcase ahead of the E3 gaming convention in Los Angeles, Xbox boss Phil Spencer confirmed the company's engineers are looking into a streaming service.
Being the most eagerly-awaited trailer, this one was a big hit.
"We believe these teams have the collective creative power and operational excellence to deliver the next industry game changer", Booty said in a statement (pun maybe intended). This estimate of 39.1 million Xbox One consoles sold differs wildly from EA's estimate of 29.4 million, a variance of 10 million Xbox One consoles leaves us skeptical to say the least.More news: Canada condemns US attack on Trudeau, country simmers
A new "Halo" game was announced on Sunday afternoon: "Halo Infinite" will be the next game in the smash-hit franchise, and it's coming to the Xbox One.
Microsoft did not deny the report when contacted by Business Insider.
If you're a fan of the Fallout games then get ready for the newest Fallout game aptly titled FALLOUT 76. Ultimate, and we can't wait to play it.
But things have changed.
The Xbox One X, which plays games in 4K definition, hasn't been around too long, so we don't think it will be a rush to get the next one out on shelves. The challenge is in how they go about that representation.More news: Tennis star Maria Bueno dies, aged 78
Based on previous PlayStation launches, the PS5 looks likely to arrive in 2019.
In closing, Microsoft recently completed their presentation for E3 2018.
We should have expected that outcome. The next-generation Xbox is codenamed Scarlett. No one really knows.
Elsewhere at Sony's show, a new trailer for the mysterious action game Death Stranding was also revealed, featuring The Walking Dead star Norman Reedus and Bond girl Lea Seydoux.
The obvious big improvement will be in terms of performance.More news: Ariana Grande and Pete Davidson are reportedly engaged
It's also possible that Microsoft will produce two versions of the Xbox - a premium, supercharged model, and a cheaper, less graphics-intensive version for casual gamers.