Microsoft Corp.’s successor to the Xbox 360 hardware is said to be six times more powerful according to new reports.

Reports by Fudzilla, SemiAccurate, and IGN claim the next Xbox will utilize a 32nm chip that will combine a PowerPC CPU with AMD Inc.’s Radeon HD 7000 or 6000 series graphics chipset.

The hardware is estimated to be six times more powerful than the current Xbox 360 and 20 percent more powerful than Nintendo Co.’s Wii U.

An additional report by Kotaku claimed the Xbox successor will utilize the Blu-ray disc format and may not play used game titles.

The hardware is rumored to be released in late 2013.

Microsoft in Jan. said the Entertainment and Devices division, which includes the Xbox business, held a 15 percent increase in second quarter earnings.

The division held revenue of $4.24 billion, a 15 percent increase from the year prior.

Xbox Live paid subscribers increased 33 percent to total 40 million members.

In the past fiscal year, 8.2 million Xbox 360 units were sold. The hardware has sold 66 million units worldwide to date.

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