Microsoft Reportedly Working On Two New Xbox Consoles And / Or Streaming Devices

Microsoft and Sony and a host of other big names in the gaming industry. On who ever you ask, the Redmond-based company may unveil a new version of its Xbox One console with a new streaming device  or maybe there are two new Xbox One consoles coming up or maybe two streaming sticks or maybe nothing significant at all (unlikely).
The sources familiar with this matter, says Microsoft is planning to unveil a new Xbox streaming device at E3 (Brad Sams from Petri claims two streaming devices are in the works). The device will reportedly function as a basic streaming stick for Xbox digital content and may even allow users to stream Xbox One games from a main console –as stated, in the living room – to another television elsewhere in the home.

Sams, speculating on the other device, thinks it may be the more advanced of the two. Microsoft originally planned two SKUs for the Xbox One – the second of which would have been a more TV-focused device which may have served as the inspiration for this new device.
Therefore if Sams is correct, the second device would allow users to access generally all apps and games from the Windows Store, furthering Microsoft’s Windows 10 ambitions. It would be able to run high-end games but casual titles would be fair game. It may even be able to stream games from an Xbox One to another TV on a local network, much like the other rumored device.
sources reportedly told Kotaku that Microsoft is working on two new Xbox One variants. The first is said to be a cheaper, more compact version of the existing console that will arrive by the end of the year. This model may ship with a 2TB hard drive, twice as much storage as Microsoft’s current capacity leader, and is expected to be announced at E3 in June.
The other console, code named Scorpio, will not  arrive until sometime next year. It’ll arrive with a more powerful GPU that’ll technically be capable of powering the Oculus Rift. Microsoft is said to be   partnership with the Facebook-owned company. This certainly seems plausible as Microsoft doesn't currently have a known virtual reality strategy (HoloLens technically doesn't count as that's augmented reality).
As always, keep in mind that this is all rumor and speculation at this point. Microsoft will host its Xbox E3 press conference at 9:30 a.m. PDT on June 13.