Posts Tagged ‘games consoles’

Microsoft Corporation will be unveiling its next generation Xbox, thought to be called the Xbox 720, on 21 May.

It follows months of speculation that the company was preparing to announce a new video game console later this year.

The company has sent out press invitations hinting it would be announcing the successor to its seven-year-old Xbox 360.

Rival Sony announced in February that it would be launching the PlayStation 4 this year.

Microsoft’s event in May will be held at its Xbox campus near Seattle in the northwest of America just under a month before the Electronic Entertainment Expo (E3) in Los Angeles.

“On May 21, we’ll mark the beginning of a new generation of games, TV and entertainment,” the company said on itsĀ official blog.

“At E3 we’ll continue the conversation and showcase our full line-up of blockbuster games.”

Falling spending

The Xbox 360 is the market-leading console and has 76 million users around the world.

Gaming blogs have been speculating about the possible features on a next-generation console but Microsoft has not commented on the rumours.

The present version of the Xbox has voice and gesture command capabilities.

Figures released at the end of last year suggested the amount of money being spent on traditional games consoles had dropped dramatically.

Video games analysts IHS said spending on consoles had fallen 20% in the last two years.