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After plenty of rumours, Microsoft unveiled its new Xbox One at E3 2016.
The slimmer console is called the Xbox One S. It ships this August for $299 (roughly £210 or AU$400), the same price as the current Xbox One.
It's 40 percent smaller than the original console, supports 4K video playback and 4K Blu-ray discs.
It'll hold up to a 2TB hard drive, twice the capacity of the current Xbox One, and supports High Dynamic Range (HDR) to bring out more color and deeper blacks in video and games with supported TVs.
Microsoft showed off a console with a slick white design at the show, with the Xbox logo in black.
The power supply is integrated into the console now, like with Sony's PlayStation 4, so you don't have to hide a giant power brick behind your home entertainment center.
The back of the Xbox One S features seven ports, including two HDMI ports and two USB ports.
Microsoft's UK and Australian online stores have listed that 2TB "Launch Edition" console with a pre-order pricing of £349 and AU$549, respectively.
Its controller is slightly revamped, with textured grips and improved wireless range.
A close up look at the Xbox One S's new controller.
The $299 price is just for the base model with a 500GB hard drive, with 1TB models reportedly available for $350 and 2TB for $399. The 2TB model will be available first.
You can follow the rest of the Microsoft E3 2016 press conference here, and check out Gamespot's full coverage of E3 as well.