http://kotaku.com/sources-smaller-xbox-one-coming-this-year-more-powerf-1778634446
More at the link
Microsoft is preparing at least two new Xbox models for release in the next two years, sources tell Kotaku. Later this year we’ll see a cheaper, smaller Xbox One, and next year Microsoft will release a more powerful version of their premiere console.
The 2017 Xbox, which is codenamed Scorpio, will have a more powerful GPU, according to three people familiar with this model, speaking anonymously because they were not authorized to speak about Microsoft’s plans. We hear that it will also be technically capable of supporting the Oculus Rift and that Microsoft is pursuing a partnership with Oculus. As for 2016, sources have told us there’s at least a more compact version coming by year’s end. One source believed it will include a larger 2TB hard drive, double the capacity of the most spacious current model. We’re expecting Microsoft to announce the more compact machine at E3 next month. (Kotaku’s Jason Schreier and Kotaku UK’s Keza MacDonald both independently corroborated this information.)
We hear that the folks at Xbox have yet to finalize the specs for 2017’s Scorpio, although they briefed third-party publishers on the device during a secret event last week, according to a source.
In addition, people familiar with Microsoft’s plans have told Keza that the company is moving toward an iterative approach for their consoles, not unlike Apple. Sources say that instead of one hardware revision every five years or so, as has been the case with previous console cycles, Microsoft plans to move towards an incremental model, with more frequent hardware releases and games that are both forwards and backwards compatible across both Windows 10 and different Xbox models.
More at the link