Despite recent declining sales figures and rumors that it may withdraw from the game console market, Microsoft has officially confirmed that it is working on a next-generation Xbox console. The company stated that it is committed to continuing hardware production and is continuing its investments in the future. This statement was made in response to rumors, allegedly coming from insiders, that Xbox’s hardware future is “uncertain.”

“Xbox is withdrawing from the console market” rumors denied

Microsoft, in a statement to the technology news site Windows Central, stated, “We are actively investing in our future consoles and devices designed, developed, and manufactured by Xbox.” The company also invited the gaming community to review its agreement with AMD announcement for more details. This statement emphasizes the company’s commitment to hardware development and its long-term plans.

There are several key reasons for the recent rise in concerns about the Xbox brand. These concerns include lower-than-expected sales figures for the Series X and S consoles, the closure of some major game studios, and the decline in popularity and rising prices of the Game Pass service. Furthermore, the company’s initial release of its games for PC and even some for PS5 was interpreted as a shift in its hardware focus.

Moreover, Microsoft’s latest statement suggests that the traditional understanding of consoles may change in the future. Some industry experts believe the definition of “console” may change for Microsoft. There’s speculation that the future Xbox could be a Windows-based handheld like the ROG Ally, jointly produced with Asus, or an Xbox-branded computer designed for living rooms. The company has also been known to cancel projects like its own handheld console and cloud-based console in the past.

While Microsoft has promised a new console, its recent inconsistent actions have led to a lack of trust among gamers. So, do you believe Microsoft’s statement? Do you think the next-generation Xbox will be a traditional console or a completely different device? Share your thoughts with us in the comments.