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 (OTC: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.