
In a lengthy interview for Gamelab Live 2020 with New York Times journalist Seth SChiesel, Phil Spencer has spoken about the upcoming launch and how Microsoft is preparing for the next generation.
During the interview they speak about how Xbox Game Pass for PC has millions of user, how Xbox All Access (the program where you buy your console on a plan like you do with phones) and Project xCloud.

But the most interesting thing Phil Spencer said during the interview is how he felt good after having watched the PlayStation 5 show. He seems confident in the content and plans for Xbox and is ready to show more. This is what he said:
‘‘I watched the show I thought they did a good job. I sent Jim a note and congratulated him. In this environment trying to pull off a high production value event is not easy. As a competitor it is great to have them out there now. So we kinda know what the program is, we see the device, we see the games.
Just being honest, I felt good after seeing their show. I think the hardware advantages that we’ve built are gonna show up when we’re gonna talk more about our games and framerates and other things. I thought the games line-up we’re gonna have at launch I’ve felt really good about. And we got more clarity on what they’re doing, obviously at their show. Which has just helped us focus on showing what we have. So, I think they’ve done a good job. They do what they do very well. And they did that. But when I think about the position we’re in with the games we’re gonna show with the hardware advantage that we have I think we’re in a very good position. So, I feel good about July.” Source
During this interview (which was pre-recorded) he also tweeted out the following:
This leads us to believe we’ll see a well produced show in July. We still don’t have a date for it though.