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Microsoft Calls It Quits for Xbox 360 Production

Microsoft Opens Flagship Store On New York's Fifth AvenueMicrosoft Opens Flagship Store On New York's Fifth Avenue
NEW YORK, NY - OCTOBER 26: Customers look at the Microsoft Surface at Microsoft's first flagship store on Fifth Avenue on October 26, 2015 in New York City. Hundreds of eager customers waited outside to celebrate the opening of the three-story store that sells everything from laptops to tablets to Xboxes and video games. (Photo by Bryan Thomas/Getty Images)Photograph by Bryan Thomas — Getty Images

Microsoft said on Wednesday it would stop production of its popular Xbox 360 video game console, which helped the company gain a firm foothold in the market.

More than 80 million units of the console have been sold since it was launched in 2005.

Xbox 360 also introduced Microsoft’s Kinect motion-sensing game device. It was the company’s primary gaming console, until it launched the Xbox One in 2013.

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Microsoft said in a blog post it would continue to sell existing inventory of the consoles, and that it would continue to provide customer support.

Sales of older-generation consoles, such as the Xbox 360 and Sony’s PlayStation 3, have been declining as consumers shift to newer versions of the consoles from the companies.

“While we’ve had an amazing run, the realities of manufacturing a product over a decade old are starting to creep up on us,” said Phil Spencer, the head of Microsoft’s Xbox division.