The 1TB Xbox One will set customers back $399/AU$549.
For a limited time, Microsoft will also include Halo: The Master Chief Collection with the console.
Microsoft also on Tuesday announced an update to its Xbox One wireless controller.
New consoles or additions to product lineups are often announced at the E3 Gaming Expo.
That model is expected to be announced at E3 next week.
Microsoft did not immediately respond to a request for comment.
