He declined to go into specifics regarding how used games will be supported on the Xbox One, but did make clear that the secondhand market "is a design criteria" for the next-gen Xbox.

"So we'll talk about some of the 'how' at a later date, but I will say that we understand the importance of the secondary market," Spencer said. "The secondary market was important in the current generation. We designed Xbox One understanding secondary market would be important in the new generation as well. We'll share more details, but people should know that it is a design criteria for us on the new box."

Microsoft told Wired yesterday that the Xbox One will is that the platform has been designed "to enable our customers to trade in and resell games at retail."

More from GameSpot's conversation with Spencer will be published later today. This interview was conducted by GameSpot executive editor Justin Calvert during the Xbox One announcement event in Redmond, Washington yesterday.

From: www.gamespot.com

Microsoft Game Studios executive Phil Spencer told GameSpot that the company will support the platform for "years to come" and even has a "huge" Xbox 360 announcement in the works for next month's Electronic Entertainment Expo.

"I think the [Xbox 360] is going to be very vibrant for many years. In fact, we have a huge, I think it's huge, [Xbox 360] announcement for E3 that I keep wanting to talk about, but I can't," Spencer said. "I think it will surprise people. I loved what we did last year with Minecraft; bring Minecraft to the box; it's kind of a beast. I think there's a lot of life in the [Xbox 360] for years to come."

Over .

Microsoft is not the only company that plans to support current-generation platforms well into the future. Yesterday, Electronic Arts CFO Blake Jorgensen said the Battlefield and FIFA publisher will .

More from GameSpot's conversation with Spencer will be published later today. This interview was conducted by GameSpot executive editor Justin Calvert during the Xbox One announcement event in Redmond, Washington yesterday.

From: www.gamespot.com

"The next wave crest isn't as high as the previous one," International Data Corp. research manager Lewis Ward told .

Ward estimated that a combined 250 million Xbox 360, PlayStation 3, and Wii units were sold between 2005 and 2012. Microsoft has confirmed . That leaves around 74 million for the PS3.

"I do think that consoles as a product category have peaked and the next-gen devices won't match those totals," Ward added.

Nintendo's Wii U is the only next generation console on the market thus far. It has struggled, selling since its launch last year.

Sony has confirmed that the .

Microsoft has invited media to its Redmond, Washington campus today where the company will . GameSpot is on-location at the event and will have details from the presentation as they become available.

From: www.gamespot.com