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First Look: New Xbox elegant, but much unknown

Will gamers want One?Full story

The new consoles from Microsoft, Nintendo and Sony

Microsoft is the last of the three big video game console makers to unveil its latest gaming system. The unveiling comes nearly eight years after the Xbox 360 went on sale. It follows last fall's debut of Nintendo's Wii U and a preview in February of the upcoming PlayStation 4 from Sony. Full story

Microsoft Unveils New Xbox One

  Microsoft announced its latest gaming system called Xbox One, reports CNBC's Julia Boorstin; and Don Mattrick, Microsoft Interactive Entertainment Business, discusses the development and marketing of the product.

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Video

  Microsoft Introduces Xbox One

Microsoft announced its latest gaming system called Xbox One, reports CNBC's Julia Boorstin.

  Microsoft debuts 'Xbox One'

Microsoft shows off the hardware for their new cloud based gaming and entertainment system, "Xbox One."

  The Week Ahead: Next-Gen Xbox

CNBC's Tyler Mathisen looks ahead to what are likely to be next week's top business and financial stories. Can banks be too big to manage? New data on the housing recovery comes next week and Microsoft holds an Xbox event this week.

  Tale of Two Microsofts

Microsoft is up 22 percent over the past 3 months. Yun Kim, Janney Montgomery Scott; Todd Haselton, Techno Buffalo; and CNBC's Herb Greenberg, discuss.

  Can Surface Save Microsoft?

Rakesh Agrawal, ReDesign Mobile, discusses whether Microsoft can bounce back.

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Related Photos

Don Mattrick, President of the Interactive Entertainment Business at Microsoft speaks about Xbox One during a press event unveiling Microsoft's new Xbox in Redmond
Don Mattrick, President of the Interactive Entertainment Business at Microsoft speaks about Xbox One during a press event unveiling Microsoft's new Xbox in Redmond

Don Mattrick, President of the Interactive Entertainment Business at Microsoft speaks about Xbox One during a press event unveiling Microsoft's new Xbox in Redmond, Washington May 21, 2013. REUTERS/Nick Adams (UNITED STATES - Tags: SCIENCE TECHNOLOGY ENTERTAINMENT)

Don Mattrick, President of the Interactive Entertainment Business at Microsoft opens the presentation during a press event unveiling Microsoft's new Xbox in Redmond
Don Mattrick, President of the Interactive Entertainment Business at Microsoft opens the presentation during a press event unveiling Microsoft's new Xbox in Redmond

Don Mattrick, President of the Interactive Entertainment Business at Microsoft opens the presentation during a press event unveiling Microsoft's new Xbox in Redmond, Washington May 21, 2013. REUTERS/Nick Adams (UNITED STATES - Tags: SCIENCE TECHNOLOGY ENTERTAINMENT)

Bonnie Ross, studio head of 343 Industries, speaks about the Halo television series featured on Xbox One during a press event unveiling Microsoft's new Xbox in Redmond
Bonnie Ross, studio head of 343 Industries, speaks about the Halo television series featured on Xbox One during a press event unveiling Microsoft's new Xbox in Redmond

Bonnie Ross, studio head of 343 Industries, speaks about the Halo television series featured on Xbox One during a press event unveiling Microsoft's new Xbox in Redmond, Washington May 21, 2013. REUTERS/Nick Adams (UNITED STATES - Tags: SCIENCE TECHNOLOGY ENTERTAINMENT)

The Xbox One controller is pictured during a press event unveiling Microsoft's new Xbox in Redmond
The Xbox One controller is pictured during a press event unveiling Microsoft's new Xbox in Redmond

The Xbox One controller is pictured during a press event unveiling Microsoft's new Xbox in Redmond, Washington May 21, 2013. REUTERS/Nick Adams (UNITED STATES - Tags: SCIENCE TECHNOLOGY ENTERTAINMENT)