Microsoft's Gaming Chief On the Future of Xbox

Microsoft made some big announcements about the future of the Xbox gaming platform this week at the annual E3 conference. Among the top headlines were two new pieces of hardware: A slimmer version of the company's current console called the Xbox One S, as well as a turbocharged "Project Scorpio" model coming next year. TIME sat down with Xbox Chief Phil Spencer to talk about the company's future gaming plans. What follows is a lightly edited transcript of our conversation. Project Scorpio is designed to run games at 4K, the latest and greatest television resolution.