Microsoft gaming chief confirms new Xbox console is not launching anytime soon; know reason why

Microsoft Corp.’s video gaming chief Phil Spencer said he doesn’t “feel an imperative” to come out with a major upgrade of its Xbox game console.

“That’s not the feedback we’re getting right now,” Spencer said in an interview with Bloomberg News shortly after the company hosted its annual Xbox Games Showcase on Sunday in Los Angeles. “Right now, we’re pretty set on the hardware we have.”