Why Microsoft Doesn't Need a New Xbox

The following video is part of our "Motley Fool Conversations" series, in which consumer goods editor and analyst Austin Smith and developer Chris Bledsoe discuss topics across the investing world.

In today's edition, Austin and Chris talk about the disappointing announcement that there will not be a new Xbox unveiled this year. These two actually aren't upset by the news, though, and think Microsoft (NAS: MSFT) doesn't actually need a new device. With penetration so high, amazing holiday sales numbers, and media consumption changing dramatically, they're happy to see the 7-year-old product reinvent itself as a media center without Microsoft having to spend the time and resources to develop a new console.

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