Larry Hryb officially announces the 1TB Xbox One console

Permanently drops the price of original Xbox One

A few days ago, Amazon leaked the info on a brand new Xbox One that would include some new features such as increased storage and a controller redesign. Today, Larry "Major" Nelson of Microsoft has officially unveiled the new console and its new features.

The new console will come with a 1TB hard drive storage so you won't have to worry about constantly deleting games to make room for new titles. It will also include a new controller redesign which will now include a 3.5mm headset jack. Select regions will also get Halo: The Master Chief Collection included.

The new bundle will be available on June 16, which is just a week away, and will retail for $399, which is a $100 difference from the original price of the Xbox One when it first released.

The original Xbox One with 500GB hard drives will receive a permanent price cut to $349.

Nice move Microsoft!