Microsoft confirms it's working on a handheld, but it's years away

In brief: Xbox boss Phil Spencer has repeatedly floated the prospect of Microsoft-branded portable gaming hardware over the past few years. A recent interview with Bloomberg offers the first confirmation that the company is seriously pursuing the project, though it remains in its early stages. Spencer also discussed Microsoft's evolving attitudes toward exclusive releases and acquisitions.

During a lengthy interview with Bloomberg, Xbox head Phil Spencer confirmed Microsoft has begun developing a handheld gaming system. However, prospective customers shouldn't expect one to appear for at least a few years.

Spencer explained that the project is in the prototype phase. Microsoft is still exploring the potential capabilities of a handheld and what markets it might serve.

Xbox chief Phil Spencer swung by Bloomberg HQ in NYC yesterday. He said:
- They're planning a handheld but it's years away
- There are no "red lines" for which Xbox games will ...