Xbox 720 announcement in May?

Microsoft will announce the Xbox 720 in May, according to Robert W. Baird analyst Colin Sebastian. The news came from a note to investors today about Electronic Arts, with Sebastian saying this announcement will be a catalyst for shares.

No information regarding the exact date or venue of the rumored announcement was divulged.

A previous report suggested Microsoft would announce the new platform during a one-off media event later this month.

A Microsoft representative told GameSpot, "We do not comment on rumors or speculation. We are always thinking about what is next for our platform, but we don't have anything further to share at this time."

Though Microsoft has not officially spoken about the Xbox 720, speculation about the platform has not been lacking. GameStop CEO recently said the console is a "very hot, compelling device," adding that the "world is going to stand up and take notice" when Microsoft finally shares details about the system.

According to past reports, the Xbox 720 may require Kinect and an Internet connection to function, block used games, and feature Siri-like voice recognition, among other features.

Microsoft has previously warned users about Xbox 720 scam sites.