It seems as though Microsoft may be planning to release its long-rumored handheld Xbox console alongside a proper home console that would serve as the successor to the Series X. Amid worries that Microsoft would be abandoning its hardware business, Xbox execs confirmed that next-generation hardware is in development at the company. They stopped short of revealing too much about their next-generation Xbox plans, which makes sense, as we're only four years into the current console generation.
With the current generation of gaming consoles, Microsoft tried a new strategy of releasing two distinct versions of their console: the pricier and significantly more powerful Xbox Series X, and the weaker but a lot cheaper Xbox Series S. Both consoles are able to play all the same games, though the Series S sometimes has to make concessions when it comes to graphics and performance that aren't necessary on the Series X. In any case, new information seems to suggest Microsoft more or less continuing in that direction with its next-generation Xbox plans, though the rumored Xbox handheld may take the place of the Series S.
With a simple comment, Phil Spencer further fuels speculation that Xbox is planning...