Microsoft unveils Xbox One Elite bundle

Microsoft is offering a huge storage upgrade with the launch of its next bundle for video game console Xbox One.

The company announced it will launch the Xbox One Elite bundle in November. It will include a 1 TB solid state hybrid drive as well as the Elite wireless controller, which boasts interchangeable paddles and a variety of customization options.

The bundle will be available for $499.

Microsoft claims the new hard drive "stores frequently-accessed files on a solid state partition and optimizes system performance so you can get to the action up to 20 percent faster from energy-saving mode," according to a statement released Monday.

During its first month of availability, the bundle will only be available through Microsoft retail stores and video game retailer GameStop.

Follow Brett Molina on Twitter: @brettmolina23.