Bloomberg: Next Xbox out holiday 2013

Microsoft still deciding reveal time, says source.

Microsoft will launch the next Xbox during the holiday season next year, according to a Bloomberg source.

The company is still deciding whether it will unveil the console at an industry event such as E3 or Gamescom, or at a separate event arranged solely for the console, said the source.

The whispers line up with previous rumors, which claim the console will be out by the end of 2013.

Microsoft has not made any announcements about the next Xbox.

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