Dan Steinberg/Invision/AP
Xbox leader Phil Spencer at the annual Xbox press briefing in Los Angeles.
- Microsoft recently revealed the codename of its next Xbox console as Project Scarlett. It's scheduled to launch in holiday 2020.
- Alongside a codename and a release window, we learned a ton of details about what to expect from the next-generation Xbox console.
- The company also gave the press its first chance to try out the Netflix-style game streaming service, Project xCloud.
- We spoke with Xbox leader Phil Spencer immediately following the press event for more details on the future of Xbox.
- Visit Business Insider's homepage for more stories.
When it comes to game consoles, Microsoft's Xbox One has been handily defeated by Sony's PlayStation 4 - the latter boasts nearly 100 million sold, while Microsoft outright stopped reporting Xbox console sales numbers.
Estimates put the Xbox One somewhere in the range of 30 to 60 million sold. It's no slouch, but Microsoft's game console isn't likely to catch up.
And that's why it's good news for Microsoft that a new Xbox is just over the horizon.
Xbox leader Phil Spencer, above, detailed the next-generation Xbox console - currently codenamed "Project Scarlett" - in Los Angeles last week.
Business Insider was there, and we spoke with Spencer directly afterward about the future of Xbox.
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