Microsoft on Monday unveiled a smaller, less expensive Xbox One and plans for a new console that can offer virtual reality games as it seeks to catch up with Sony in video game hardware.
The new Xbox One S starts at $300 and costs up to $400 for a 2-terabyte hard drive; the Xbox One previously started at $349. The new device supports 4K video and is about 40 percent smaller than the original model. A special edition will be available in August and standard versions will come out later this year.