Microsoft Game Studios' president Phil Spencer has said on his Twitter account that he does not believe the Xbox One will be Redmond's last console.
Spencer was responding to a fan who asked whether the rise of cloud computing could see the end of traditional gaming hardware:
@BuldozerX I don't. I think local compute will be important for a long time.
— Phil Spencer (@XboxP3) January 13, 2014
Cloud computing is a central part of the Xbox One's infastructure and Microsoft heavily pushed that feature of the console's ecosystem to developers.
Last week, Sony announced its own plans for cloud gaming with the reveal of PlayStation Now – a Netflix-like service which will allow users to rent or subsribe in order to access a back catalog of PlayStation titles on consoles as well as phones, tablets, and Bravia TVs. PlayStation Now will enter closed beta later this month before the service's US launch in the summer.
Microsoft has previously hinted at a 10 year life-span for the Xbox One which achieved sales of more than three million by the end of 2013.