Microsoft pushed back next Xbox reveal because it's not afraid of PS4?

There's been a lot of chatter on the Internet lately about the details for the next version of Microsoft's Xbox console. Officially, Microsoft still isn't talking, but new and unconfirmed rumors claim Microsoft is aiming for a first reveal of the hardware and games at a small event on May 21st, with a bigger reveal set for E3 2013 in June.

Previous rumors claimed that Microsoft was planning to reveal the next Xbox sometime in April, but now a new story from Bloomberg, via unnamed sources, claims that Microsoft decided to push back the next Xbox announcement until May because the company "saw little competitive pressure from Sony." That company surprised many in the game industry by officially revealing the PlayStation 4 console at an event in February, with a launch planned for the holiday period of 2013.

Which one is Microsoft and which one is Sony? You decide

The same Bloomberg story repeated previously reported rumors that the next Xbox would have a processor and graphics chip both provided by AMD, which is confirmed as providing that hardware for the PS4. It also mentioned that the console may not be backwards compatible with current Xbox 360 games because of the AMD hardware, which was also mentioned by Electronic Arts' chief financial officer Blake Jorgensen mentioned as a strong possibility in February.

Source: Bloomberg
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