Microsoft unveils Project Scarlett, the next-gen Xbox: All you need to know

Microsoft Corp unveiled on Sunday its next-generation Xbox console, known as “Project Scarlett,” which is set to hit store shelves during the 2020 holiday season.

The device will be four times more powerful than the Xbox One X console and be powered by an Advanced Micro Devices chip, the company said during its Xbox E3 conference in Los Angeles.

The console will show up to 120 frames per second, or twice the average TV, and include a solid-state drive, Microsoft said, allowing games to load much faster than on its older mechanical hard drives.

The latest version of Microsoft’s popular “Halo” videogame will be launched along with the new console.