Microsoft (MSFT) on Wednesday launched pre-orders of its new game console the Xbox One X, available at local retailers around the globe and via the tech titan's online store.

Pricing of the console, which boasts 1TB of storage, will begin at $499 in the U.S., and start shipping on November 7.

The Xbox One X has the capabilities to run up to 4k resolution and 60 frames per second. It will give developers the ability to improve new and existing games through enhancing texture, lighting, load times, and update a wide range of visual improvements.

More of What's Trending on TheStreet:

More from Stocks

Your Need to Know - Forward Look

Your Need to Know - Forward Look

A Guide to Investing in the Fast-Emerging Cannabis Industry

A Guide to Investing in the Fast-Emerging Cannabis Industry

Cramer: Amazon Will Be an 'Outsized Winner' When Consumer Trends Shift Online

Cramer: Amazon Will Be an 'Outsized Winner' When Consumer Trends Shift Online

EBay Stock Tumbles 8.9% to Hit Lowest Level in Nearly 2 Years

EBay Stock Tumbles 8.9% to Hit Lowest Level in Nearly 2 Years

Disney Is One of Jim Cramer's 10 Best Stocks for a Market Pullback

Disney Is One of Jim Cramer's 10 Best Stocks for a Market Pullback