Microsoft has revealed the name for its new games console – Xbox Series X. The machine, previously known by the codename Project Scarlett will launch in "Holiday 2020", and will ship with a redesigned version of the Xbox wireless controller. The new name was announced during the annual Game awards in Los Angeles. At the event, a promotional trailer was shown for Senua's Saga: Hellblade II, a sequel to the critically acclaimed adventure title from UK developer Ninja Theory, which is being designed to leverage the capabilities of the new technology. In a blog post, Xbox chief Phil Spencer introduced the Xbox Series X as "our fastest, most powerful console ever", claiming it will set a new bar for performance and speed.

In this file photo taken on September 12, 2019 the Sony Playstation logo is seen during the Tokyo Game Show. The long-rumored arrival of Sony's next PlayStation has officially been confirmed. On Tuesday, Sony revealed its next video game console, PlayStation 5, will launch during the holiday 2020 season. "These updates may not be a huge surprise, but we wanted to confirm them for our PlayStation fans, as we start to reveal additional details about our vision for the next generation," said Sony Interactive Entertainment president and CEO Jim Ryan in a statement. Next year is expected to be a pivotal one for the video game business, with two new video game consoles slated to launch by the holiday season.