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Microsoft Corporation (MSFT) Will Unveil Two ‘Xbox TV’ Streaming Devices at E3

Microsoft Corporation XBOX ONE

Microsoft Corporation will reportedly debut two “Xbox TV” devices next month at the Electronic Entertainment Expo in Los Angeles. The company is “going to be announcing at least two streaming devices at E3,” Brad Sams, executive editor at Petri, said during an online podcast.

Microsoft Xbox (MSFT)

Two New Streaming Devices

According to Sams, Microsoft is going to unveil two devices at E3, including a Chromecast-like streaming device and the Roku-like Xbox TV. The Chromecast-sized streaming device will be priced $100, while the second device will be available at $150-$200.

The Chromecast-like streaming stick will allow users to access Xbox digital content, including streaming Xbox One games from a main console to a second TV elsewhere in a house, The Verge reported. The second streaming device will be a streaming device with advanced functionality. It could access universal apps and games from the Windows Store.

Users would not be able to play the latest games like Forza on the Xbox TV, but the new devices could run basic casual gaming titles. The streaming devices has largely replaced the Xbox 360, “but a dedicated “Xbox TV” could renew interest for consumers if it’s priced aggressively,” according to The Verge.

Microsoft Preparing Two New Xbox Models

Citing anonymous sources, Kotaku.com reported that Microsoft will release two new Xbox models in the next two years. The company will launch a cheaper, smaller Xbox One later this year, while a more powerful version of their premiere console will be released next year. Xbox One is likely to include a 2TB hard drive.

At the E3 event, Sony Corp (ADR) is expected to present its ‘PlayStation 4.5’ console at the conference. The PS4.5 or PS4K console is internally referred to as ‘NEO’, and it will output games at 4K, or Ultra HD, resolution. The system features a higher clock speed, improved GPU and a higher memory bandwidth, The Daily Mail reported.

Earlier, we reported that Microsoft Corporation and Sony will soon release new hardware upgrades for their gaming consoles. The upcoming PlayStation 4 and Xbox One upgrades will enable streaming from video game systems to PCs and mobile devices. These changes are important steps by the companies “to keep up with industry changes.”

Recently, a Chinese startup Fuze Entertainment launched a new low-cost Android-powered gaming console for the video game lovers in China. Wang Feng, a local entrepreneur in China, believes that, being a local company, Fuze can outperform Sony and Microsoft in PC and mobile gaming obsessed China.

Tomahawk F1 is an Android-powered gaming console, which comes with more than 70 popular titles including Assassin’s Creed Chronicles and Dynasty Warriors 8: Xtreme Legend. The device is priced at 899 yuan ($137) or 1,499 yuan ($229), depending on different hardware specifications. To Fuze’s game portfolio, users will have to pay a membership fee of less than $3 per month for access to Fuze’s game portfolio, according to Forbes.

Shares of Microsoft Corporation on Wednesday were up 1.03% in after-hours trading.

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Adam Green is an experienced writer and fintech enthusiast. He he worked with LearnBonds.com since 2019 and covers a range of areas including: personal finance, savings, bonds and taxes.

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