The next-generation Xbox has been announced at Microsoft's Xbox E3 Briefing. Currently called Project Scarlett , it will be released in Holiday 2020.

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Xbox Project Scarlett E3 Trailer Screenshots 16 IMAGES

A video explained that, from a processing standpoint, the console will be four times more powerful than the Xbox One X, capable of resolutions up to 8K, 120 frames per second, and ray tracing. The priority is apparently to reduce load times in games.Microsoft says that a new-generation SSD drive is being used as virtual RAM, offering major performance increases over previous generations."For us, the console is vital [...] to our experience," said Phil Spencer on stage, doubling down on Microsoft's recent games-first philosophy with Xbox.Hundreds of developers across first and third party studios working on next-gen games, including launch title Halo: Infinite. Originally rumoured under the same codename. Scarlett , Microsoft has been teasing the console's reveal using hidden RGB codes For more on IGN's E3 coverage, stay tuned to IGN's E3 2019 hub . Be sure to also check out the list of confirmed E3 2019 games , as well as the list of games that won't be at E3 2019