With video game industry sales slumping for more than three years, Microsoft (NASDAQ:MSFT) hopes to turn things around with Saturday's unveiling of the new Xbox.

The new console comes at a time when the gaming industry could use a boost after Nintendo's (NASDAQOTH:NTDOY) poorly received Wii U last November and a lack of material buzz for Sony's (NYSE:SNE) upcoming PS4.

In this video, longtime Fool contributor Rick Munarriz takes a look at a few things that investors will be watching as Mr. Softy plays hardball with its new console. It's not just Nintendo and Sony investors who need to pay attention. Microsoft's moves will have implications for GameStop (NYSE:GME) and Netflix (NASDAQ:NFLX), too.

Longtime Fool contributor Rick Munarriz owns shares of Netflix. The Motley Fool recommends Netflix and Nintendo. It owns shares of GameStop, Microsoft, and Netflix. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.