By Saira Hussain

The new Xbox One gaming console will go on sale in November, announced Microsoft on June 10, 2013. The recommended retail price for the console is $499 in the US, £429 in the UK and 499 euros.

This price is considerably higher than Microsoft’s previous consoles’ launch price but it is also expected that Kinect 2.0 will be included in the console set.

This declaration was made during its significant opening event at the E3 games expo in Los Angeles. Microsoft’s main emphasis at the event was on the games that will be available at the launch or during the holiday season.

They are well aware of the fact that an exclusive game label can radically increase the attractiveness and sales of a new console.

Sony- the rival console company says that the Play Station 4 would be out during the holiday season this year, although no official date was set. It would be the first time that the two rivals will launch their consoles simultaneously, if both Xbox-One and PS4 go on sale in November.

Microsoft also publicized that it was working to set up five in-house development studios to create some special exclusive content.

During the event in Los Angeles, Microsoft also declared that the Xbox 360 will also be updated to look more like an Xbox One and is going to be smaller and sleeker than before.