Aaron Greenberg, chief of staff for devices and studios group at Microsoft, has indicated reports that a cheaper Xbox One console will be released in 2014 are incorrect.
Conversing with fans on Twitter, Xbox executive Aaron Greenberg was asked whether rumours of a $399 Xbox One console were true.
"No," he replied, "you cannot believe everything you read on the internet".
Rumours of a cheaper SKU originate from a forum post in which a user claiming to be a Microsoft insider laid out the company's plans for the year. Among them was a plan to release a cheaper Xbox One SKU, possibly without a physical disc drive.
Although the identity of the user has not been verified, some aspects of the Xbox One 2014 roadmap posted online have been independently sourced.
VG247 has credited "trusted publishing partners" as verifying the new Xbox One SKU, which it says will be offered for less than the current $499 USD / £420 model.
The post also states that Halo 2: Anniversary will be released, followed by high-definition ports of Halo 3 and Halo 4.
CVG understands that Halo 2: Anniversary, an Xbox One remake of Microsoft's 2004 shooter Halo 2 is in development. The game will be released in November 2014, to coincide with the tenth birthday of the Bungie original.
Tech site The Verge's sources, meanwhile, have confirmed Microsoft will be releasing a white Xbox One to tie in with the release of Sunset Overdrive.
Addressing the leak in general Phil Spencer, corporate vice president of Microsoft Game Studios, said they were "kind of a bummer".
"Gets people worked up over things that we didn't say," he added.