Microsoft Game Studios vice president Phil Spencer assured The Official Xbox Magazine that the company is committed to supporting Xbox 360 for several years after Xbox One launches.
When asked about how long would Microsoft support Xbox 360, Spencer answered readily: "Years."
"Last generation was different for us, we moved pretty quickly. This time, you will see us staying committed to the Xbox 360," he added.
"I think it's a great platform. In certain areas, like trying to switch apps quickly, it shows that it was built in a different era, but in terms of the price point, the content library - I don't have the stats, but I bet it's the largest content library ever created in the history of the game space."
"So it's a great time even now to get into the Xbox 360 ecosystem. It's something we'll remain committed to on the content side as well as the platform itself."
Sony’s PlayStation 2 has continued to sell strongly until January 2013 when it was discontinued, less than a year before PlayStation 4’s expected launch. Xbox One and PlayStation 4 are scheduled to be released this November.