Microsoft Corp. is developing a new video gaming console for virtual-reality and 4k resolution gaming. The company talked regarding the matter on Monday at a media event in Los Angeles. It is also planning a slimmer version of the Xbox One. Phil Spencer, head of Xbox said that the new console, dubbed “Project Scorpio” is due out next year and it will be the most powerful console ever built. He further added that the beefier machine shall provide true 4k gaming and premier VR experiences.
Sony Corp. also unveiled that it would launch its new virtual-reality headset for PlayStation in the United States by mid-October. Sony also said that it would add new titles to its PlayStation console, which includes Marvel’s Spiderman, God of War and Call of Duty:Infinite Warfare.
Microsoft and Sony are providing something commercially meaningful without fragmenting the user base. Investors have poured $1.7 billion in augmented reality, and virtual-reality technology over the past 12 months, and this was confirmed by Digi-Capital, a mergers-and-acquisitions advisory firm. Microsoft launched a partnership with Oculus Rift last year, that made some Xbox One games that are playable on Oculus’ virtual reality platform.
The new Xbox One S console, an updated version of the Xbox One launched in 2013, will bring new features such as streaming support for 4k videos, which provides four times the resolution of a high-definition content. The Xbox One S will available in August and its base model will be priced at $299. The new all-white Xbox One S is 40% smaller, and features an integrated power supply and up to 2TB hard drive space; it comes with a new, redesigned version of the Xbox One controller, complete with textured handles for improved grip and increased wireless range. Microsoft also announced a number of games at a conference, including Gears of War 4 and Forza Horizon 3.
Sony has sold more than 40 million PlayStation 4 units, outpacing all of its predecessors. Microsoft had sold more than 10 million units last year but has not updated the figure since then.