Xbox 720 Release Date and Price: $100 Price Set for 2013 as Dual Console and Cable TV Device

The Xbox 720 is expected to have a 2013 release date and now it has been predicted by analysts that it will come for just $100 with a contract. It will be released as a dual console and cable TV box according to latest rumors in a launch that is likely to revolutionize the console and gaming industry.

The current Xbox 360 has led the console market for more than four years now, however, declining sales are indicating that it may be due a revamp, and the name Xbox 720 has been touted. With the market endlessly changing, it has now been highlighted that Microsoft could be about to change the console market forever.

Wdbush Securities analyst Michael Pachter has reported that he believes Microsoft's Xbox 720 will feature as both a console and a cable box, allowing the console to be purchased for the relatively low price of $100 along with a standard Cable TV contract.

Pachter has said, "Console will have to be multiple purpose devices, though. The Xbox 720, this is my prediction, is going to be your television as well [as your game console]. You'll be able to tune into television through it," according to INC Gamers.

Microsoft is rumored to have either already commenced or be about to commence discussions with TV service providers to pave the way for the landmark deal that is likely to change the world of gaming forever.

Pachter added: "I'm pretty confident that in the US Microsoft is going to partner with a cable TV provider, so I expect that the console will be priced like a smart phone. I expect you'll be paying $99 for the console with a cable TV subscription."

Rumors currently surrounding the new console have pointed to an improved Kinect sensor that will support multi player, up to four players. Cloud streaming will also be included so that a user can access their media library from anywhere with a wifi connection.

Rumors have also suggested that the console will come with tablet integration, and may be compatible with the company's Surface tablet.