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EXCLUSIVE: Xbox's new hardware plans begin with a gaming handheld set for later this year, with full next-gen consoles targeting 2027

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Microsoft is working with a PC gaming OEM on an Xbox-branded gaming handheld.

Codename " Keenan ," this gaming handheld will look unmistakably " Xbox " we're told, complete with an official Xbox guide button.

Microsoft 's internal successor to the Xbox Series X|S platform has been greenlit all the way up to CEO Satya Nadella .

Microsoft could target a more powerful box more in-line with higher-end PCs.

Future Xbox games will likely be Windows -oriented, hopefully with " Xbox Play Anywhere " as a default licensing model.

The strong possibility that these future systems will remain backward compatible ensures that those who are digitally locked to the Xbox ecosystem will have a place to upgrade.