There has been a report from journalist Shannon Liao, citing information from a recent gaming division meeting at Microsoft. During this meeting, Phil Spencer, the CEO of gaming, confirmed to employees that the company has no plans to cease console production and the Xbox is still very much a part of their business roadmap. Microsoft aims to have games available on all platforms, alleviating concerns that their new strategy may have adverse effects on the Xbox itself (such as the recent rebranding of Microsoft Game Pass). Spencer has addressed and refuted these rumors.
More details on this matter are expected to be revealed during the business direction briefing, scheduled for Friday morning.
Source: IGN
TLDR: Microsoft has confirmed that they will continue producing consoles and the Xbox remains a priority as their gaming strategy expands to include all platforms. Rumors of discontinuing the Xbox have been refuted by Phil Spencer, the CEO of gaming at Microsoft. Full details will be disclosed during the upcoming business briefing.
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