GLOBAL ECONOMY

Microsoft Debuts Xbox One
Take a look at the next generation Xbox - the Xbox One - to go on sale later this year as an all in one entertainment console.

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Microsoft corporate vice president Phil Harrison speaks at the Microsoft Xbox E3 media briefing in Los Angeles, Monday, June 10, 2013. Microsoft focused on how cloud computing will make games for its next-generation Xbox One console more immersive during its Monday presentation at the Electronic Entertainment Expo. Microsoft announced last week that the console must be connected to the Internet every 24 hours to operate, and the system would ideally always be online. (AP Photo/Jae C. Hong)
(AP2013)

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Phil Spencer of Microsoft Game Studios speaks at the Microsoft Xbox E3 media briefing in Los Angeles, Monday, June 10, 2013. Microsoft focused on how cloud computing will make games for its next-generation Xbox One console more immersive during its Monday presentation at the Electronic Entertainment Expo. Microsoft announced last week that the console must be connected to the Internet every 24 hours to operate, and the system would ideally always be online. (AP Photo/Jae C. Hong)
(AP2013)

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Microsoft announces Xbox One, the all-in-one home entertainment system that puts you at the center of all your games, TV and entertainment -- complete with Xbox One console, all-new Kinect and Wireless Controller. (PRNewsFoto/Microsoft Corp.)

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This video game image released by Activision shows a scene from "Call of Duty: Ghosts," the tenth installment in the Call of Duty series. Microsoft is seeking to stay ahead of rivals in announcing that new content that can be downloaded for the popular "Call of Duty" game will launch first on Xbox One. (AP Photo/Activision)
(AP2013)

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This Tuesday, May 21, 2013 photo shows a rear view of Microsoft Corp.'s next-generation Xbox One entertainment and gaming console, on display at an event in Redmond, Wash. The Xbox One, a next-generation entertainment console that promises to be the one system households will need for games, television, movies and other entertainment, will go on sale later this year. (AP Photo/Ted S. Warren)

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This video game image released by Activision shows a scene from "Call of Duty: Ghosts," the tenth installment in the Call of Duty series. Microsoft is seeking to stay ahead of rivals in announcing that new content that can be downloaded for the popular "Call of Duty" game will launch first on Xbox One. (AP Photo/Activision)
(AP2013)

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Marc Whitten, Microsoft Corp.'s chief production officer of interactive entertainment, talks about the features of the next-generation Xbox One entertainment and gaming console system, Tuesday, May 21, 2013, at an event in Redmond, Wash. (AP Photo/Ted S. Warren)

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The Kinect motion-sensing device for Microsoft Corp.'s Xbox One entertainment and gaming console system is on display Tuesday, May 21, 2013, at an event in Redmond, Wash. The Xbox One, a next-generation entertainment console that promises to be the one system households will need for games, television, movies and other entertainment, will go on sale later this year. (AP Photo/Ted S. Warren)

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A controller for Microsoft Corp.'s Xbox One entertainment and gaming console system is on display after its unveiling Tuesday, May 21, 2013, at an event in Redmond, Wash. The Xbox One, a next-generation entertainment console that promises to be the one system households will need for games, television, movies and other entertainment, will go on sale later this year. (AP Photo/Ted S. Warren)

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Microsoft Corp.'s Xbox One entertainment and gaming console system is on display after its unveiling Tuesday, May 21, 2013, at an event in Redmond, Wash. The Xbox One, a next-generation entertainment console that promises to be the one system households will need for games, television, movies and other entertainment, will go on sale later this year. (AP Photo/Ted S. Warren)

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Microsoft Corp. Chairman Bill Gates is shown on a video at the unveiling if the next-generation Xbox entertainment and gaming console system Tuesday, May 21, 2013, at an event in Redmond, Wash. It's been eight years since the launch of the Xbox 360. The original Xbox debuted in 2001, and its high-definition successor premiered in 2005. (AP Photo/Ted S. Warren)
(AP2013)

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Microsoft Corp.'s Don Mattrick unveils the next-generation Xbox entertainment and gaming console system, Tuesday, May 21, 2013, at an event in Redmond, Wash. It's been eight years since the launch of the Xbox 360. The original Xbox debuted in 2001, and its high-definition successor premiered in 2005. (AP Photo/Ted S. Warren)
(AP2013)

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This video game image released by Activision shows a scene from "Call of Duty: Ghosts," the tenth installment in the Call of Duty series. Microsoft is seeking to stay ahead of rivals in announcing that new content that can be downloaded for the popular "Call of Duty" game will launch first on Xbox One. (AP Photo/Activision)
(AP2013)

Microsoft Debuts Xbox One

Take a look at the next generation Xbox - the Xbox One - to go on sale later this year as an all in one entertainment console.

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