Microsoft has announced Xbox One, due for release globally at the end of 2013.

Xbox One is the third video game console from Microsoft, following on from 2001's Xbox and 2005's Xbox 360.

Microsoft revealed the Xbox One alongside a redesigned controller and all-new Kinect camera.

Microsoft describes Xbox One as the "all-in-one experience", a "rocket science-level" device that lets users view live TV, and access games, movies and music.

Though the system specs have yet to be fully detailed, the console features 8GB RAM, 500GB HDD, Blu-ray drive and introduces "a completely redefined Xbox LIVE".

For more details on the console, click the fact sheet below or take a look at the first official hi-res photos.