The next Xbox will be unveiled at a May 21 event, Microsoft (MSFT +3.5%) all but states in an...

|About: Microsoft Corporation (MSFT)|By:, SA News Editor

The next Xbox will be unveiled at a May 21 event, Microsoft (MSFT +3.5%) all but states in an invite sent out today - The Verge reported as much earlier this month. The rumor mill suggests the console, expected to be called the Xbox 720, will have an 8-core AMD CPU (similar to the one in the PS4), a Blu-ray player, and a refreshed Kinect, and (in what could be particularly important, given Microsoft's living room ambitions) might also be accompanied by an inexpensive Xbox set-top focused on casual gaming and media consumption.