According to the leaked slide spotted at Videocardz.com, the Radeon RX 480, which appears to be the official name of the graphics card based on Polaris 10 GPU, could have up to 5.5 TFLOPS of single-precision compute performance and come with 8GB of GDDR5 memory, paired up with a 256-bit memory interface.

Apparently, AMD targets Nvidia's Maxwell-based Geforce GTX 970 and GTX 980 graphics cards, promising premium AAA and VR gaming. The Radeon RX 480 should offer significant power efficiency, using a single 6-pin PCIe power connector, which suggest that the TDP is anywhere below 150W.

The slide also notes that the Radeon RX 480 offers DirectX 12 with Async Compute, DisplayPort 1.4 output, full HEVC and HDR Ready support, something that Nvidia's GM204 graphics cards lack.

Rumors suggest that the Radeon RX 480 has 2304 Stream Processors while the GPU is clocked at 1200MHz, but you should take them with a grain of salt since this is not mentioned in the slide.

Wall Street Journal article goes on to say that the first Polaris-based graphics could cost no more than US $199 and should be available by the end of June. This price, if it proves to be true, will put AMD's Polaris-based graphics card at the price which is half or less the cost of comparable products on the market.

According to the same article, AMD wants to push the starting price of PCs that can deliver VR gaming from US $1000 down to US $799. Further details AMD Polaris GPUs will be certified for VR headsets by both HTC and Oculus, which will significantly lower the cost of VR gaming.

Patrick Moorhead, an analyst at Moor Insights & Strategy said that the US $199 price comes as a surprise and such report certainly caught us off our guard. If this is the case, AMD will certainly have a winner in the mainstream market.

AMD's Computex 2016 event will stream live in a matter of hours so we will know for sure as soon as AMD's top-brass goes on stage.