The company is seeking to dispel recent rumors that have suggested that a stripped down device with a lower price and smaller hard drive might be launched in the summer of 2014.
Gamers have speculated that such a move is designed to create a version of the Xbox One that has a lower price than the PlayStation 4 from Sony, which will sell for 399 dollars or Euro.
A spokesperson tells Gamefront that, "We believe in Kinect and the value it brings to both games and entertainment, and believe $499 is a great value for what consumers receive with their Xbox One."
Both next gen device are set to launch during November.
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