Black Friday 2016 is here! The huge spending frenzy where big-name retailers slash prices for one day is officially open for business, and this year it’s expected to rake in more money than ever.

Whether you plan to elbow your way to the checkout with a knock-down TV, or snap-up a discounted winter coat online from the comfort of your sofa, you should be able to save some serious cash. Black Friday is also ripe for a deal on a new or updated Xbox

If you’ve already got an Xbox One, you might want to update to the slimmed-down Xbox One S. It’s 40 per cent smaller than the original Xbox One console and has an integrated power supply, is able to play back 4K Ultra HD video and comes with a new white, textured controller with improved range.

Here’s our pick of the best Xbox deals

If you’re after the much-hyped Project Scorpio, the 4K-enabled, VR-ready upgraded version of Microsoft’s Xbox One, you’ll have to wait until the end of next year.

The console is being billed as the most powerful games console yet, and will definitely cause excitement among the gaming community in 2017, so watch this space. But here’s what’s on offer at the moment.

Best Xbox consoles and bundles