• Phil Spencer, head of Xbox, announces the new Microsoft Xbox One S game console during the Microsoft Xbox news conference at the Galen Center during E3 Gaming Conference on June 13, 2016 in Los Angeles, California.

Phil Spencer, head of Xbox, announces the new Microsoft Xbox One S game console during the Microsoft Xbox news conference at the Galen Center during E3 Gaming Conference on June 13, 2016 in Los Angeles, California. (Photo : Kevork Djansezian/Getty Images)

Xbox Project Scorpio release is expected on holiday season next year. It is not only expected to be powerful, it is also estimated to be priced higher than the Xbox One S.  Moreover, gaming enthusiasts look forward to the true 4K gaming experience.

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Microsoft was forced to reveal some of the features of its highly guarded Xbox Project Scorpio when Sony unveiled its PlayStation 4 Pro several months ago. Xbox head Phil Spencer mentioned that the company's premium console will be able to provide a high-resolution display at 60 Hz. It will then be the perfect pair for 4K television sets, also considered as a premium display, and gaming will never be like before, according to Trusted Reviews.

"I actually think the upgrade to Scorpio in terms of visual fidelity will feel as dramatic a change as we're used to seeing in new generations," Spencer told The Verge .   

The Xbox One Scorpio will be powerful enough to play 4K-native games and provide immersive VR experience. The device is powered by an 8 CPU core chip and boasts six TeraFLOPS GPU power and 320 GB/s bandwidth.  Price-wise, it is expected to cost higher than the latest Xbox One S, which currently starts at $299, with the high capacity variant bearing a $399 price tag. It also means that the upcoming Xbox console might be more expensive than the 1 TB Playstation 4 Pro that is also priced at $399 price. There are speculations that the upcoming device would cost around $500.

Microsoft's upcoming console is relatively comparable to the mid-range PC by the time it comes out next year. Xbox head of marketing Aaron Greenberg said the company would like to let people who spend thousands of dollars on their PCs to experience something similar but in a video game console form, which would be just right for their living room. This was what  as quoted by PC Advisor, when asked about his take on their next gen console. 

Spencer also said that adding another console to the Xbox family will not alienate the other devices; it will instead incorporate the existing game library into the new one. By the time the new device becomes available, Xbox One and Xbox 360 games will still be in the players' game libraries and, hopefully, be playable on the next gen console.

The Xbox Project Scorpio is expected to arrive by Christmas 2017.