Xbox One is shrinking in size and growing in power.

Phil Spencer, Head of Xbox, announces the new Microsoft Xbox One S, during the Microsoft Xbox news conference at the E3 Gaming Conference on June 13, 2016 in Los Angeles, California.(Photo by Kevork Djansezian/Getty Images)
Phil Spencer, Head of Xbox, announces the new Microsoft Xbox One S, during the Microsoft Xbox news conference at the E3 Gaming Conference on June 13, 2016 in Los Angeles, California.(Photo by Kevork Djansezian/Getty Images)
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Microsoft unveiled during its Monday media briefing at the Electronic Entertainment Expo a new, slimmer version of the video game console coming later this year and a more powerful one that's due in 2017.

The company says the white Xbox One S is 40 percent smaller than the original black Xbox One and will feature support for 4K high-definition video.

Other changes include moving the USB ports to the front of the console, adding a built-in infrared blaster and eliminating the port for the motion-detecting Kinect camera system.

Microsoft says the console will go on sale in August for $299 to $399 depending on the hard drive size.

The company also detailed Project Scorpio, a more powerful Xbox One that will feature 4K gaming and support for virtual reality. The new console will feature six teraflops of power.

"Our vision for the future of gaming is beyond generations," said Xbox head Phil Spencer. "When it ships next year, we believe it will be the most powerful console every built."

Spencer promised that all Xbox One games would work across the three systems: Xbox One, Xbox One S and Project Scorpio.

While they have comparable specs, Sony's PlayStation 4 is slightly more powerful than the current version of the Xbox One. Both companies released the systems in 2013.

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