HDMI 2.o only supports 4K/60FPS, meanwhile HDMI 2.1 will let you play games at 4K resolution at 120 FPS, assuming you have a 2.1 cable, too. (The HDMI cable included in your PS5 or Xbox Series console is 2.1 capable, in case you were wondering.) So make sure your next TV has 2.1 ports.

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