Although the Xbox gaming consoles like Xbox 360 and Xbox One have been providing players with great experience, Microsoft enthusiasts are waiting for something new.

With the latest knowledge about Xbox Scorpio, rumor mills have been filled. According to reports, the Xbox Scorpio will also be known as Xbox Two, and it might be launched at the Electronic Entertainment Expo or E3 2016.

According to earlier reports about the Xbox Scorpio, the latest console will be four times more powerful than the Xbox One, suggested The BitBag. However, this will also make it more powerful than Playstation 4.5 titled Neo.

According to Alphr, it is rumored to come out with a larger 2TB hard drive and will likely be ready for 4K gaming, much like Sony's rumored iteration of the PS4. Unfortunately, it might not be equipped with a Blu - Ray device, and the loading duration of 4K games might take longer.

It is also rumored that Xbox Scorpio's hardware will include support for VR games, and likewise. VR has been the new rising trend in gaming, and as such, Microsoft needed to include it in its gaming consoles to stay in the game.

How PlayStation Neo and the original PS4 will co-exist https://t.co/Dmuccj8IoO pic.twitter.com/DDQMydimul

— Fox (@psnewsnow) April 23, 2016

However, one of the negative points of Microsoft's Xbox Two is that it might be available for use only on the late quarter of this year, if the developers can manage to build the same within a short time period. Releasing the console with just basic gaming abilities will do much harm to the reputation of Microsoft, as gamers have been patient for quite some time anticipating a new console.

It seems that Microsoft's gaming console might be announced now, but will take some more time to be released in the market.

Hence, gamers looking forward for next generation consoles will have to wait until 2020 to have one in their own name.