Microsoft is unveiling its new Xbox console. The new console is codenamed Project Scarlett and is set to launch next year. The company said Scarlett will be four times as powerful as the Xbox One S, boasting more memory and higher resolution for a top of the line gaming experience. Microsoft's Phil Spencer said that "a console should be built and optimized for one thing and one thing only: gaming." Scarlett will launch with the latest addition of the Halo series -- Halo Infinite.