The next-gen consoles are almost upon us, with both Sony and Microsoft gearing up for a Holidays 2020 launch. Microsoft has been making a lot of headway with Xbox and as a response to the widespread rumours, the company announced the Xbox Series S and its Estimated Retail Price.The Xbox Series S will be the smallest console by the company, yet will have all the next-gen capabilities. There are a lot of differences between the Series X and Series S and here, we take a look at what separates the two consoles.Xbox Series X and Xbox Series S: What's the difference?1) Design and Form Factor👀 Let’s make it official! Xbox Series S | Next-gen performance in the ˢᵐᵃˡˡᵉˢᵗ Xbox ever. $299 (ERP). Looking forward to sharing more! Soon. Promise. pic.twitter.com/8wIEpLPVEq— Xbox (@Xbox) September 8, 2020One thing that stands out the most when looking at the next-gen consoles is obviously the difference in size. While the basic design principles of the next-gen Xbox consoles remains quite similar, there is a significant difference in footprint and size.The Xbox One S is considerably small; much smaller, in fact. Although the Xbox Series X looks like a console that is best suited for vertical use, the Series S looks like it will work just fine horizontally.This could be a huge deciding factor for users who simply do not have the space to accommodate a vertical console in their current setup.2) PriceThis is the clear separator between the two, with the Series S at $299 being a considerably more affordable option. The trade-off doesn't only come from the lack of a disc drive but in terms of hardware as well.The Xbox Series X will be the superior console in terms of hardware performance as well as specs and is priced as such. The Series X is a supremely high-powered console and its pricing is expected to be, according to the leaks, around the $499 mark.However, Microsoft are looking to push the Xbox All Access subscription service that allows players to essentially acquire the console through a monthly payment.All Access certainly bridges the price gap factor and brings it down to simply a choice between hardware specifications for potential buyers.3) Hardware SpecsAccording to substantial leaks, the Xbox Series S will support up to 1440p / 120 FPS, raytracing and will include a 512 GB custom SSD. This is quite clearly a next-gen console but the difference comes from the absence of the disc drive.For many players, purchasing digital versions of the game is the way to go, and the lack of a disc drive doesn't seem to be a glaring issue. However, the Series X will also have decidedly more powerful specs.Hardware Specs for Xbox Series X:CPU: 8x Cores @ 3.8 GHz (3.6 GHz w/ SMT) Custom Zen 2 CPUGPU: 12 TFLOPS, 52 CUs @ 1.825 GHz Custom RDNA 2 GPUDie Size: 360.45 mm2Process: 7nm EnhancedMemory: 16 GB GDDR6 w/ 320b busMemory Bandwidth: 10 GB @ 560 GB/s, 6GB @ 336 GB/sInternal Storage: 1 TB Custom NVME SSDI/O Throughput: 2.4 GB/s (Raw), 4.8 GB/s (Compressed, with custom hardware decompression block)Expandable Storage: 1 TB Expansion Card (matches internal storage exactly)External Storage: USB 3.2 External HDD SupportOptical Drive: 4K UHD Blu-Ray DrivePerformance Target: 4K @ 60 FPS, Up to 120 FPS