Xbox One
The Xbox One Digital TV Tuner Bundle is a limited time offer. Microsoft

Sony may have been the first to have been reportedly working on a PS4 Neo, the faster upgrade to the PS4. However, Microsoft appears to be looking at improving its own Xbox One console—not just with one gaming device upgrade, but two.

The report comes from Kotaku, which stated that there may be at least two Xbox One consoles in the works and set to come in this year and the next. According to the source, the Xbox One to come this year will be smaller and more affordable than the current Xbox One. For 2017, it will launch a more powerful version, dubbed the Xbox One Scorpio.

The anonymous sources have confirmed that the Xbox One Scorpio will reportedly have a more powerful GPU and support for the Oculus Rift VR headset. Speaking to another source, Polygon added that the Xbox One Scorpio will be four times more powerful than the current Xbox One console.

The Xbox One runs at a peak of 1.32 teraflops, which is a little lower than the PS4’s 1.84 teraflops. The target of the PS4 Neo is to offer more than double the current PS4’s performance.

As such, the current target performance that Microsoft has for the Xbox One Scorpio would be to deliver around 6 teraflops worth of power. This hints that the Xbox One Scorpio’s system will become more powerful than the PS4 Neo, which reportedly has a peak performance of around 4.14 teraflops.

Microsoft may also be targeting support for games to work on both versions of the Xbox One, so that it will not leave other adopters of the current console behind.

For the cheaper version of Xbox One, it will allegedly boast a bigger 2TB HD to give players more space for their games. It is possible that Microsoft will give more details come June’s gaming trade show, as the company has not given any comments for now.

Whether or not the reported Xbox One Scorpio and slimmer Xbox One are both real remains to be confirmed. However, it’s safe to say that Microsoft should also be prepared when the announcement comes, as there will surely be major backlashes—as may be the case with the PS4 Neo—given how quickly a new iteration of the console is being rolled out.