The next-generation console will retail for $499.99, and will include a packed-in Kinect sensor, one controller, a headset and a HDMI cable, along with the system. The announcement finally puts to rest months of speculation following Microsoft's broad "November" launch window at E3 in June. This new date is a full week after the North American launch of Sony's Playstation 4 on Nov. 15.
Twenty-three games, including "Ryse: Son of Rome," "Forza 5" and "Dead Rising 3," will be available for launch alongside the system. Microsoft promises a steady stream of games in the future.
In addition to this announcement, the company confirmed Tuesday the Xbox One's CPU would be boosted 150Mhz. Whether this will have any meaningful impact on game development remains to bee seen. Yusuf Mehdi, Vice President of Marketing, Strategy and Business, Xbox, said gamers will notice the difference.
"This is on top of the 6 percent increase we previously announced for the GPU," he said. "What does this mean to you the gamer? It means that the Xbox One will have that much more power for developers to make their games and entertainment really shine."
This announcement caps a busy week for Microsoft, which has been commenting about the new console at every turn. The company also confirmed earlier this week the system will support up to eight controllers connected simultaneously per each console.
The Xbox One will be released in this year in Australia, Austria, Brazil, Canada, France, Germany, Ireland, Italy, Mexico, Spain, United Kingdom, United States and New Zealand. Launch was originally set for 10 additional countries, but the company announced in August those countries would not receive the console until 2014 due to localization issues.