Breaking: Just now, Microsoft has officially decided to stop the production of their 10 years old famous console, the Xbox 360.

In the latest blog post, Phil Spencer, chief of Xbox has announced that from now onwards, Microsoft will no longer produce their famous console of previous generation. He wrote,

“Thanks to the Xbox 360, we evolved Xbox Live from the original Xbox into the thriving online gaming community it is today. And the console became a beloved gaming and entertainment hub with over 78 billion gaming hours played, nearly 486 billion Gamerscore on 27 billion achievements and over 25 billion hours spent in apps over its lifetime.

“Xbox 360 means a lot to everyone in Microsoft. And while we’ve had an amazing run, the realities of manufacturing a product over a decade old are starting to creep up on us. Which is why we have made the decision to stop manufacturing new Xbox 360 consoles. We will continue to sell existing inventory of Xbox 360 consoles, with availability varying by country.”

On the other hand, the company has decided to continue Xbox Live service for its Xbox 360 users, access to applications, Games with Gold and Deals with Gold. Also, its games, hardware will be supported by Microsoft. And more importantly, its games are now playable on the current gen Xbox One through backwards compatibility as well.

First Xbox 360 console was launched in November 2005 and managed to sell more than 84 million units globally. Microsoft launched Xbox One, its successor in late 2013.