Recent rumors have suggested that Microsoft is planning to release a more powerful Xbox One, codenamed "Project Scorpio," sometime in 2017 to rival the upcoming PlayStation 4K. It appears those rumors are true, as today Microsoft has unveiled Project Scorpio, a more powerful Xbox One coming next year.

As a surprise to nearly all of us tuning into Microsoft's E3 press conference, the Redmond giant has pulled back the curtain on a much more powerful Xbox One SKU called Project Scorpio. The new console features an immensely more powerful GPU compared to the one found in the already available Xbox One and upcoming Xbox One S, with support for VR hardware and a performance increase of up to 6 teraflops, outdoing the rumored PlayStation 4K's 4.14 teraflops.

For reference, the current Xbox One and PlayStation 4 output 1.32 and 1.84 teraflops. So an increase of up to 6 teraflops for Project Scorpio is seriously impressive. This performance increase allows for true 4K gaming, enabling crisp and clear gaming for console gamers. Microsoft says this is a "no compromise" gaming console, and that all games built for the Xbox One will work on all three Xbox One SKUs, that being the original Xbox One, Xbox One Slim and Project Scorpio.

No other details regarding Project Scorpio have been revealed, likely due to the consoles availability being so far out. Considering the newly announced Xbox One S' most expensive tier is $399, it's likely Project Scorpio will be a considerable amount more.