Next Xbox to be six times more powerful

There's been rumors about the next hardware version of Microsoft's Xbox console in the past few months. This week, IGN reports, via unnamed sources, that the console will have a graphics chip that will be based on AMD's Radeon 6000 series. The article further claims that the graphics chip will have hardware specs close to the Radeon HD 6670, which currently sells for $79.99.

According to IGN, the graphics in the next Xbox console will be six time as powerful as the current Xbox 360. Furthermore, it is expected that the next Xbox will be 20 percent more powerful than Nintendo's upcoming Wii U console which is expected to launch sometime in 2012. The article adds that Microsoft is targeting an October-November 2013 launch for the next Xbox.