Three years later, Xbox’s backward compatibility for older games has become one of the console’s defining features. (GeekWire Photo) Microsoft will introduce new Xbox hardware and accessories next month at the gamescom event in Germany. The tech giant teased the news in a today, with the announcement starting at 7:30 a.m. PT on August 21. It likely won’t be a new Xbox console, although the company did last month that it is working on the next version of Xbox, with will . noted that Microsoft could debut the successor to its popular Xbox Elite controller. Microsoft last month ramped up its gaming arm by and creating a new studio of its own as it plans to create more first-party titles. The company is also investing AI and cloud resources for a game streaming network.