Microsoft Corp said on Wednesday it would stop production of its popular Xbox 360 video game console, which helped the company gain a firm foothold in the market.
The company said on its website it would continue to sell existing inventory of the consoles, with availablity varying by country. (http://bit.ly/1U6G8bF)
Sales of older-generation consoles, such as the Xbox 360 and Sony's PlayStation 3, have been declining as consumers shift to newer consoles from the companies.
The Xbox 360 was launched in 2005.