Microsoft: We'll commit to Xbox 360 for years

It's still "a great time to get into Xbox 360 ecosystem," says Phil Spencer

Unlike with its first console transition, Microsoft is adamant it will stay committed to supporting Xbox 360 several years into the Xbox One's life.

That's according to corporate VP of Microsoft Studios Phil Spencer, who told Official Xbox Magazine UK that the firm is in no rush to ditch its outgoing machine.

When asked how long Microsoft will support Xbox 360, Spencer responded, "Years. Last generation was different for us, we moved pretty quickly. This time, you will see us staying committed to the Xbox 360."

He went on, "I think it's a great platform. In certain areas, like trying to switch apps quickly, it shows that it was built in a different era, but in terms of the price point, the content library - I don't have the stats, but I bet it's the largest content library ever created in the history of the game space.

"So it's a great time even now to get into the Xbox 360 ecosystem. It's something we'll remain committed to on the content side as well as the platform itself."

Given the popularity of Xbox 360 this generation - particularly in US and UK - its not unfeasible that Xbox 360 could continue to be stocked on shop shelves for several years to come.

Sony managed to string out the PS2's life for almost the entire duration of PS3's reign. The console was discontinued worldwide in January 2013 - more than six years after the November 2006 debut of the PS3.

Xbox One will be available in 21 markets this November. The Xbox One price has been set at £425 / €499 / $499.