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Xbox 720 will not be making an appearance at E3 2012

Xbox will likely see an E3 2013 release. Definitely not E3 2012.

@tracehagan
Published Fri, Mar 16 2012 1:28 PM CDT   |   Updated Sat, Aug 8 2020 10:29 AM CDT

Rumors flying wild around the internet have been saying that Microsoft would possibly be releasing the Xbox 720/Next at E3 2012. However, Microsoft spokesperson David Dennis has publicly stated that Microsoft won't discuss new Xbox hardware at this year's show. This led 2 people with knowledge of the subject to speculate an E3 2013 launch. Besides, why would Microsoft want to launch their next-gen console this year when they can continue to sell the 360?

Xbox 720 will not be making an appearance at E3 2012 | TweakTown.com

As everyone knows, a console isn't profitable for the first few years. As it stands now, a best-guess estimate puts Microsoft banking around $115 from each and every $300 Xbox sold. Giving up profit such as that would not be in the software giant's best interest. The only pressure Microsoft is feeling for a release is from gamers. No other manufacturer is ready to release a new console. Additionally, the new Kinect motion sensor is breading a whole new line of games, and profit, for them.

Microsoft's entertainment division, which includes the Xbox, posted a 45 percent sales gain to $8.91 billion in the fiscal year that ended in June. The Xbox 360 outsold Nintendo Co.'s Wii and Sony Corp.'s PlayStation 3 in 2011, and also sold better than any other TV-connected devices, including DVD players and home-theater systems, Dennis said.

NEWS SOURCE:bloomberg.com

Trace is a starving college student studying Computer Science. He has a love of the English language and an addiction for new technology and speculation. When he's not writing, studying, or going to class, he can be found on the soccer pitch, both playing and coaching, or on the mountain snowboarding.

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