The Xbox One Scorpio, Microsoft’s PS4.5 competitor, has four times the power of the current console

UPDATE: The console was confirmed today at E3 2016.

Sources have told Polygon that Microsoft is preparing to announce a version of the Xbox One, codenamed “Scorpio”, that will offer more than four times the power than the current version of the console.

Microsoft is expected to announce the console at this year’s E3, though it won’t be available for purchase until well into 2017.

Scorpio is positioned to be a direct competitor to the PS4.5, otherwise known as “Neo”. Giant Bomb reports that while the Neo will be approximately be 2.25 times more powerful than the current PS4, capable of 4.14 teraflops compared to the base console’s 1.84 teraflops, the Scorpio is aiming for a whopping 6 teraflops. The current Xbox One operates at a measly 1.32 teraflops at present.

Unsure what a teraflop is? FLOPS stands for “floating-point operations per second”, and tera is 10 to the power of 12, or 1,000,000,000,000 — it’s the next unit up from giga, if that helps. In other words, 6 teraflops is a lot.

Meanwhile, a similar report on Kotaku says that the Scorpio would be capable of supporting the Oculus Rift based on these rumoured specs.

We’ll have more on the Scorpio as its made known — or as sources spill.