New Version of Xbox in 2013

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The new version of Xbox console will only be available to gaming fans by end of 2013. According to this report from Bloomberg, the company is slated to release the next version of its Xbox video-game machine, the top-selling console, in time for the holidays next year, according to people familiar with the company’s plans.

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The new device is planned for Thanksgiving and Christmas sales, said the people, who declined to be identified because the product road map is confidential. The software maker hasn’t decided whether to unveil the new Xbox at an industry event such as the E3 show in June, or a separate event devoted solely to the machine, one of the people said.

Rival Nintendo’s Wii U has already gone on sale this year and Sony has also launched a slimmer version of the PS3.

Currently the XBox 360 has been a big hit for Microsoft wit the company selling nearly750,000 over the week around Thanksgiving, surpassing company expectations , according to the Bloomberg report.

So what is the new device going to be named? It seems that it will be called Xbox 720. This report in ArsTechnica states that according to a leak in June this year has a 56 page document which appeared to come from internal Microsoft slides leaked on to Scribd, revealing a road map for the new Xbox and this referred to new console as as the Xbox 720

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