Microsoft: Xbox 360 will last three more years

[Administrator]

All eyes have turned to the next-generation and, in Microsoft's case, Xbox One, due out alongside the PlayStation 4 in November. But according to one senior Xbox executive, the eight-year-old Xbox 360 has plenty of life left in its old bones.
Speaking at the Citi Global Technology Conference yesterday, Xbox chief marketing and strategy officer Yusuf Mehdi was asked about the volatile profitability of Xbox over the years - and what the launch of Xbox One means for Microsoft's bottom line.
Responding, Mehdi pointed to Xbox 360, which launched in November 2005, as a money-maker, offsetting the expense of researching, manufacturing and launching a next-generation console.
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