Microsoft Corp. MSFT, -2.60% is developing a new video-game console for virtual-reality and 4K resolution gaming, the company said Monday at a media event in Los Angeles ahead of the gaming industry’s annual E3 conference. It also is planning a slimmer version of the Xbox One.
The new console, dubbed “Project Scorpio,” is expected for the 2017 holiday season and “will be the most powerful console ever built,” Phil Spencer, head of Xbox, said on stage at the Galen Center. The beefier machine will provide “true 4K gaming and premier VR experiences,” he said.
The unveiling of the new console comes after Sony Corp. SNE, -1.82% on Friday said it is developing a more powerful PlayStation 4. Both moves signal a marked change in gaming in which consoles are no longer released once every six or seven years.
Microsoft is developing HoloLens, an augmented-reality device that works with PCs. It is unclear which VR headsets will be compatible with Project Scorpio, though Facebook Inc.’s FB, -2.29% Oculus Rift could be a candidate as that device already is sold with an Xbox controller. Sony already has unveiled its PSVR headset, which is scheduled for release in October.