Microsoft Discontinues Xbox 360
Credit: Xbox Wire
 End of an Era

The Head of Xbox, Phil Spencer, has announced Microsoft will no longer be producing Xbox 360 consoles after it's 10 year lifespan.

In a post on the Xbox Wire, Phil Spencer revealed that the company would no longer be building new Xbox 360 consoles due to the age of the product and it's limitations catching up on them. The console originally released in 2005, a whole decade ago, and survived double the typical lifespan of gaming consoles which is usually around five years. In his statement Spencer describes why the decision to discontinue the product had been made:
"Xbox 360 means a lot to everyone in Microsoft. And while we’ve had an amazing run, the realities of manufacturing a product over a decade old are starting to creep up on us."
For those of you who haven't yet upgraded to the Xbox One, do not fear. Xbox Live will still continue to function on the 360, along with the Games with Gold and Deals with Gold programs, as well as any apps you may have installed on your system. The sales of Xbox 360 related accessories and games will also still be available for the foreseeable future, however it is emphasized that this is only as long as supplies last. Spencer goes on to share his thoughts on the Xbox community by saying:

"I want to personally thank the Xbox community – that includes the vast and diverse audience of gamers, developers and publishers who brought so much passion and creativity to the Xbox 360. You are the heart of what we do at TEAM XBOX, and you have been critical to the success of Xbox 360."

It's been a great ride, thanks for the memories Xbox 360!
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