Microsoft will be releasing a slim version of their Xbox one this year, but more exciting is their Xbox Two (Xbox Scorpio 4K) which is scheduled to be released in 2017. It will feature a new GPU will be even more powerful than the PS4K.
“Current plans have the smaller Xbox One scheduled for release this August. Pricing for the system has not been finalized. The other console, codenamed Scorpio, is unlikely to be released until late 2017, according to Polygon’s sources. It will likely be announced in the next month, though plans are somewhat in flux. Like the all-but-confirmed PS4 “Neo,” Scorpio represents an evolution of console generations, one that straddles the line somewhat between an entirely new installment of the Xbox platform and a continuation of the existing Xbox One.”
Source: Polygon