MANILA, Philippines (UPDATED) – In addition to revealing the Xbox One S, Microsoft also introduced Project Scorpio, the next edition of the Xbox One at the end of its E3 press conference. 

Microsoft is touting it as “the most powerful console ever” when it releases, and is meant to serve 4K resolution and high-fidelity graphics for VR functionality when playing games.

The machine is set to have 6 teraflops of computing capability, 8 CPU cores, and over 320 GB per second of memory bandwidth.

In an interview with The Verge, Xbox chief Phil Spencer explained,”The important thing for Scorpio is that it’s a dramatic step up for us in terms of hardware capability.”

Spencer added, “Because as we saw 4K gaming and really high-end VR taking off in the PC space, we wanted to be able to bring that to console. Project Scorpio is actually an Xbox One that can natively run games in 4K and is built with the hardware capabilities to support the high-end VR that you see happening in the PC space today… when it ships it will be the most powerful console ever built.

Microsoft’s Xbox One S, meanwhile is a smaller version of the Xbox One that also supports 4K gaming. The Xbox One S will come with a 2TB hard drive and is set to cost $299 when it comes out in August.

All versions of the Xbox One will be supported throughout its life cycle, with Project Scorpio being made available in 2017 for the holidays.

The news of Project Scorpio and the Xbox One S follows Sony’s announcement of an upgraded PlayStation 4, called the PlayStation 4.5 or Neo. – Rappler.com