• The Xbox One is a home video game console developed by Microsoft.

The Xbox One is a home video game console developed by Microsoft. (Photo : Xbox.com)

At present, there are already rumors that Sony is gearing up to make available yet another PlayStation, and more recently, it has been reported that Microsoft is also in the process of developing a new version of their Xbox to go against the former.

Last week, David Gardener, a Virtual Design Lead for Microsoft who helped design the Xbox One, updated his LinkedIn profile with what seems to be the new Microsoft console. According to Attack of the Fanboy, the most interesting update on his resume is the inclusion of Xbox neXt.

Like Us on Facebook

Neither Gardener nor the company has yet to confirm that Xbox neXt is Microsoft's upcoming flagship console. However, Microsoft Xbox head Phil Spencer have recently chimed in on the possibility of a new gaming offering from Microsoft.

During an interview following Microsoft's Build 2016, as reported by GameSpot, Spencer revealed that, unlike the possibility of PlayStation 4.5, he is not very interested in producing an Xbox One and a half. He explains that if the company is moving forward with their consoles, gamers are assured that the improvements would be substantial enough to warrant an upgrade.

"I'm not a big fan of Xbox One and a half. If we're going to move forward, I want to move forward in big numbers. For us, our box is doing well. It performs, it's reliable, the servers are doing well. If we're going to go forward with anything, like I said, I want it to be a really substantial change for people--an upgrade," explained by Spencer.

Meanwhile, previously, Kotaku reported that tech giant, Sony, is currently preparing for the upcoming release of a new PlayStation console. According to the publication, this console, dubbed as PlayStation 4.5, would be equipped with an upgraded GPU, in order to support higher end games and the upcoming titles, which is supported by Sony's virtual reality headset, the PlayStation VR.

Moreover, the arrival of the console is expected to be announced this fall. The announcement would be in line with the release of the PlayStation VR.

It can be noted that the life cycle of a gaming console usually spans 6-8 years; however, with the recent reports pertaining to upgrades that Microsoft and Sony will be doing, it seems like the console landscape would be changing very soon. For reference, Both Microsoft and Sony have only released their flagship consoles three years ago.

Watch PlayStion 4 vs Xbox One comparison video below: