Xbox 720 to debut by 2013 holiday season, report says

From CNET News.com: The next edition of Microsoft's Xbox could be ready for the holidays, the 2013 holidays that is.

Microsoft is aiming to launch the Xbox 720 in time for Thanksgiving and Christmas of next year, "people familiar with the company's plans" reportedly told Bloomberg yesterday.

The software giant could unveil the next Xbox at the E3 show next June or at a separate event specifically geared toward the console, one of the sources said. The people providing this tidbit to Bloomberg didn't want to identify themselves since the information is reportedly based on a confidential Microsoft road map.

Microsoft Xbox spokesman David Dennis declined to comment to Bloomberg. CNET also contacted the company and will update the story if we receive any information.

Microsoft has yet to spill any details about a next-generation Xbox. But reports from such sources as Xbox World say the 720 will come with a host of new features, including Kinect 2.0, a Blu-ray drive, an enhanced controller, and an A/V port for watching and recording broadcast TV shows.

The Xbox 360 has been a dominant player in the U.S. video game market.

Among all consoles, the Xbox was the top seller in October for the 15th month in a row, according to recent data from NPD. Microsoft sold 270,000 Xbox 360 units last month, winning the company a 56 percent share of all U.S. console sales.

During Black Friday week, Xbox 360 sales reached 750,000 units, outpacing Microsoft's own forecast.

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