In a recent interview, Microsoft executive Aaron Greenberg stated that the company is building the "world's most powerful console". The Xbox chief himself, Phil Spencer, has also talked about Xbox Project Scarlett's power and how it will be carefully priced to be competitive. It seems Microsoft is ready to start stealing some limelight from Sony and the PS5.
https://www.notebookcheck.net/Xbox-Project-Scarlett-will-be-more-powerful-than-the-PS5-and-not-too-pricey-according-to-Microsoft.443217.0.html