Microsoft has unveiled Xbox One, the latest console in the string of Xbox gaming systems.

The unveiling has been met with glee and excitement with Microsoft promising that Xbox One will change the way of consoling for gamers.

Don Mattrick, president of Interactive Entertainment Business at Microsoft, has said the Xbox One will be ground breaking.

¡°Xbox One is designed to deliver a whole new generation of blockbuster games, television and entertainment in a powerful, all-in-one device,¡±

¡°Our unique, modern architecture brings simplicity to the living room and, for the first time ever, the ability to instantly switch across your games and entertainment.¡±

The newest features include 8GB of RAM and a 500GB hard drive, as well as Blu-Ray drive, but most fascinating, a connection to the Kinect motion sensor, which will allow users to control their television with the mere swipe of a hand.

The Xbox One will let users connect to cable and satellite providers, as well as connecting with Skype to talk to other users.

While the latest Xbox will feature similar features to previous models including the same controller, there will be enhancements.

The controller will have integrated battery compartment, be WiFi Direct and have impulse triggers, as well as a more precise D-Pad.

Gamers need not to worry, games have already been announced, including Forza 5, Quantum Break, the EA Sports library and Call of Duty: Ghosts.

The console will be released worldwide later this year, with more information to be provided at the E3 gaming Festival in Los Angeles next month.