At the company's press conference at E3 2016 in Los Angeles Monday, Microsoft executive Phil Spencer unveiled the next version of the Xbox One video game console.
Code-named Xbox Scorpio, the gaming console is promised to have six teraflops (yes, that's an actual term) of computing power and will be equipped with an eight-core CPU. It's also said to pack a memory bandwidth of whopping 320 Gb/s.
The Scorpio is supposed to be fully compatible with all current Xbox One accessories and peripherals. Pricing information has not yet been released, but Microsoft expects to have the new console on the market by 2017's holiday season.
Check out the video from E3: