After months of rumors , at its E3 2016 press conference Microsoft has officially revealed a more powerful version of the Xbox One , code-named Project Scorpio. The console is due out Holiday 2017.

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Project Scorpio E3 2016 Reveal Stills 4 IMAGES

Unlike the just-announced Xbox One S, which can output 4K video but not games, Microsoft says the new Scorpio hardware will sport a better GPU that can handle 4K resolution gaming at 60 Hz. Microsoft also confirmed the console would have six teraflops of computing capability.Microsoft's Scorpio demo reel confirmed that Fallout 4 VR and other "premier VR" experiences would come to Project Scorpio. No specific Xbox VR hardware announcements were made.On stage, Xbox head Phil Spencer announced that all Xbox One peripherals would be supported by Project Scopio and that all Xbox One games will be playable on the original Xbox One, the Xbox One S, and Project Scorpio with the goal being that "no one gets left behind.""Project Scorpio will be the next addition to the Xbox One family, and it is ultimately the next step in delivering our vision of gaming beyond generations," Spencer stated. When it ships next year we believe it’ll be the most powerful console ever built."This news comes just a few days after Sony confirmed the existence of its own new, more powerful hardware, code-named PlayStation 4 Neo . However, Sony also confirmed that it would not be at E3 2016. Visit IGN's comprehensive E3 2016 hub For every piece of E3 2016 news and analysis.

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