Specifications

Here i'm going to talk about the specifications.

Processor and graphics: The chip will consume around 100 watts, which is slightly higher than the old Xbox Slim and PS3, but Microsoft promises noise from the cooling fans will be "four times quieter." As rumored, a thoroughly customized AMD chip that combines an eight-core CPU (Central Processing Unit), a GPU (Graphics Processing Unit) determined for Direct X 11.1 graphics and 32MB which is equal to 0.032GB of high bandwidth embedded memory. 

System memory: a Sony equal of 8GB of RAM (Or memory, and yes, memory and storage are two TOTALLY different things!), although it'll be DDR3 instead of the PlayStation 4's GDDR5, which make it slightly more valuable and faster.

Audio and video: 1080p and 4K both supported; 7.1 surround sound, although it supports 7.1 your TV/Monitor does not have to have 7.1 surround sound.

Kinect: This will be included with the console and contain 250,000-pixel infrared depth sensor as well as a regular 720p web cam on the Kinect.

Storage and media: A 500GB hard drive of unknown speed plus a Blu-ray / DVD combo drive that will be used as little as possible, the disc-based games will be ripped to the HDD (Storage Unit) automatically.

Connectivity: HDMI 1.4 output and passthrough (Being able to put another HDMI to the console and play it through the console); a "few" USB 3.0 ports; gigabit Ethernet; plus, three separate 802.11n radios (recievers)  to allow the console to communicate with its controller (over a form of WiFi Direct) as well as other devices (such as perhaps other Windows-based phones and tablets) without losing its connection to the internet. At other times, two radios will be used to maintain a stronger WiFi signal thus making game-matching and downloading games faster and more reliable.