Microsoft says game over for Xbox 360
Sales of older-generation consoles, such as the Xbox 360 and Sony`s PlayStation 3, have been declining as consumers shift to newer versions of the consoles from the companies.
Microsoft Corp said on Wednesday it would stop production of its popular Xbox 360 video game console, which helped the company gain a firm foothold in the market.
More than 80 million units of the console have been sold since it was launched in 2005.
Xbox 360 also introduced Microsoft`s Kinect motion-sensing game device. It was the company`s primary gaming console, until it launched the Xbox One in 2013.
The Xbox 360 launched with a number of popular video games including Activision Blizzard Inc`s "Call of Duty 2" and Electronic Arts Inc`s "Need for Speed: Most Wanted".
Microsoft said in a blog post it would continue to sell existing inventory of the consoles, and that it would continue to provide customer support. (http://bit.ly/1U6G8bF)
The company`s Xbox Live network, which allows online multi-player gaming, will continue to be available for the Xbox 360.
Sales of older-generation consoles, such as the Xbox 360 and Sony`s PlayStation 3, have been declining as consumers shift to newer versions of the consoles from the companies.
"While we`ve had an amazing run, the realities of manufacturing a product over a decade old are starting to creep up on us," said Phil Spencer, the head of Microsoft`s Xbox division.
The company has also introduced the ability for users to play games launched for the Xbox 360 on its latest console. Microsoft currently offers over 100 video game titles as a part of its "backward compatibility" feature.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
EPF vs SIP vs PPF Calculator: Rs 12,000 monthly investment for 30 years; which can create highest retirement corpus
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
11:46 AM IST