Microsoft has announced it will stop manufacturing new Xbox 360 consoles, which has been in production for over a decade.
According to Microsoft, “the realities of manufacturing a product over a decade old [were] starting to creep up” on the company. Because of this, Microsoft has decided to stop manufacturing new Xbox 360 consoles and will continue to sell existing inventory, although availability will vary by country.
Current Xbox 360 owners will continue to receive Xbox Live services for their consoles, access applications, play online multiplayer and take part in party chat. The Xbox Live servers will also continue to be supported by Microsoft as they’ll remain online and active for the time being.
Microsoft also reminds Xbox One owners they're able to play Xbox 360 games on their console through backwards compatibility. Now that the Xbox 360 is ceasing from being manufactured, it looks like the Xbox One will soon be the ideal place to play Xbox 360 games if your Xbox 360 console breaks down and can't afford to purchase a used one.