The new full next-generation Xbox console is reportedly set for release in 2027. However, there is an Xbox-branded gaming handheld device expected to come out later in 2025. Microsoft is said to have a premium successor to the Xbox Series X in development, which may be released in 2027, but there is no official announcement yet about a new full console release before then. The handheld is expected to be a new product category for Xbox rather than a traditional console release.

So, if you are asking about a traditional next-gen Xbox console, you would likely have to wait until 2027. If you mean a new Xbox gaming handheld device, that could be released later in 2025.