Microsoft Corp. this week said it will release the Xbox One S 500GB SKU and 1TB Bundle SKUs Aug. 23 at U.S. retail.

The Xbox One S Madden NFL 17 Bundle and the Xbox One S Halo Collection Bundle will be sold in 500GB and 1TB SKUs. The 500GB SKU will be sold at $299 and the 1TB SKU will be sold at $349.

The Xbox One S Halo Collection Bundle will include Halo 5: Guardians and Halo: The Master Chief Collection.

The Xbox One S 1TB SKU will be sold in limited quantities at Microsoft Stores and Microsoft.com in the U.S.

Xbox One SThe Xbox One S is a console 40 percent smaller than the current Xbox One and includes 4K Ultra HD video, High Dynamic Range, and a streamlined controller.

The Xbox One 2 2TB SKU will be sold Aug. 2.

In the fourth quarter, the Xbox business declined nine percent between Apr. and June compared to the year prior.

Xbox Live members increased to 49 million, up 33 percent from one year ago.

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