Microsoft: Don't expect a new Xbox anytime soon

From CNET News.com: Microsoft is happy to hear there is excitement surrounding a new Xbox, but the company cautioned recently that it's still premature.

"While we appreciate all the interest in our long-range plans for the future, we can confirm that there will be no talk of new Xbox hardware at E3 or anytime soon," Microsoft Corporate Communications chief Frank Shaw told All Things Digital in an interview published Friday. "For us, 2012 is all about Xbox 360."

And for good reason. Microsoft's console has been handily beating the PlayStation 3 and Wii in monthly U.S. sales. Earlier this month, Microsoft announced that it sold 426,000 Xbox 360 units in February, easily outpacing the Wii's 228,000 unit sales. Sony didn't divulge unit sales for last month. And although the Xbox 360 just celebrated its sixth birthday, sales are actually accelerating--a feat not often seen in the gaming space at such a late stage in its lifecycle.

The Xbox 360's secret sauce in the U.S. is made up of two key elements: pricing and games. Consumers can pick up the device for as little as $200, putting it within striking distance of the $150 Wii. What's more, game developers have been doubling down on the console, bringing many of their top titles to the platform. Some gamers consider the Xbox 360's title library the deepest in the business right now.

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