Microsoft has unveiled the Xbox One which will go on sale later on this year. The next generation console was shown off alongside a new Kinect sensor and a redesigned gamepad. The US firm described the voice and gesture-controlled machine as an all-in-one system offering games, live TV, movies and music. The firm's Entertainment and Devices Division accounted for $9.6bn worth of sales in Microsoft's last economic year.
That only represented about 13% of its total revenue for the period - but one analyst said the importance of this launch should not be underestimated. Microsoft is very strong in business software and the enterprise cloud business, but its consumer businesses are facing tremendous challenges: PCs are declining rapidly and Windows Phone handsets have only a fraction of the market shares of rivals, said Jia Wu from consultants Strategy Analytics.>