Microsoft has officially announced the name and revealed the look of Project Scorpio. The official name is Xbox One X. The console will be available November 7 for $499.

First announced over a year ago, Microsoft is touting this as the “world’s most powerful console” featuring 6 teraflop processor, 12GB ram, and more. As announced before, all Xbox One games will run on the new console. Microsoft has made it clear that there will not be any Xbox One X exclusive games; all will work across Xbox One, Xbox One S, and Xbox One X.

Stay tuned for more details.

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