Microsoft is stopping production of the Xbox 360

Xbox chief Phil Spencer today. "Xbox 360 means a lot to everyone in Microsoft," Spencer explained. "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. Which is why we have made the decision to stop manufacturing new Xbox 360 consoles. We will continue to sell existing inventory of Xbox 360 consoles, with availability varying by country."