Microsoft unveils "Xbox One"

Microsoft on Tuesday unveiled its next-generation home game console dubbed the "Xbox One," a device that aims to go beyond gaming and become the center of a consumer's living room entertainment experience.

Scheduled to arrive later this year, the Xbox One will ship with Microsoft's next-generation Kinect motion controller, which includes integrated voice recognition. The new Xbox One is pitched as a single device that will unify all of the devices in their living room, allowing them to be controlled through voice and hand gestures.