Phil Spencer, the Xbox boss, gave a recent update regarding the progress of the Project Scorpio console. Spencer said he attended a one-day meeting for the console this week and is positive about the company's capacity to have it out on schedule next holiday.

"I'm in a day-long review of where the team is on Scorpio right now," Spencer said on Twitter. "Amazing progress and we are feeling good about schedule."

Earlier, Spencer also told GameSpot that "things are going really well." He added that Microsoft is in fact "a little ahead of plan."

"There is a lot of time to go, but we feel good about how the things are coming together," he said. "The teams understand the performance spec that we're building. We went through some of the high-level specs at E3 in the video. And it gives the teams time to make sure that they're targeting that performance for their games. Luckily so many of both our internal teams and partners are also building on PC."

"So it's not hard for us to say, 'Okay this is the PC spec that you can expect with what we're building on Scorpio,' so it allows them to make sure they have the assets and capability to deliver. Since we're focusing on a box that can support true 4K and a 4K frame buffer and a lot of PC games already support that; it's not a new language or asset base for them in terms of things that we're asking them to go do. I'm also pretty confident in the content lineup that we'll see."

According to Express, Xbox One Scorpio is being tagged as the most powerful console ever made. It boasts six teraflops of GPU, which will provide 4K gaming and support virtual reality. It will follow after "robot" white or Xbox One S, which has a new design that's 40 percent slimmer than the original Xbox One.

Xbox One Scorpio will be available in late 2017.

Meanwhile, Sony' new and more powerful console, the PS4 Pro will go on sale in November, priced at $400.