By Victoria Woollaston and Talal Musa PUBLISHED: 13:03 EST, 10 June 2013 | UPDATED: 14:08 EST, 10 June 2013 Microsoft's new Xbox One gaming console will go on sale in November, it was announced today. Speaking at the E3 video game conference in Los Angeles, bosses confirmed the new console will cost $499 or £429 - and the Xbox 360 will be updated to look more like an Xbox One. Yusuf Mehdi, Microsoft's vice president of marketing and strategy, says the updated Xbox 360 is 'smaller, sleeker and as quiet as ever' - and would be available in the U.S. from Monday.
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Confirmation came at the E3 video game conference in Los Angeles
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Xbox 360 will be updated to look more like an Xbox One
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Microsoft also announced Project Spark - a smart glass enabled game that allows you to create gaming worlds
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Xbox Live will no longer limited to 100 friends and that Microsoft points will be scrapped in favour of real money
Microsoft executives also touted the @placeholder as a replacement for the set-top box.