In addition to launching the Xbox Series X console this year, Microsoft is rolling out its xCloud streaming service with Game Pass to help reach a bigger audience. The head of Xbox, Phil Spencer, wants to assure people that Microsoft remains committed to the physical console, which really should be no surprise given that Microsoft has plans to make another Xbox console after the Series X.

Speaking during a GameLab fireside chat, Spencer stressed that cloud gaming will not take over and replace consoles anytime soon. The xCloud service is merely another option for people who want it.

"I've never tried to position xCloud as a replacement for your gaming PC or for a console," he said. "I like to sit down in front of the big screen and play on a console. I'm sitting here at my PC rig right now and I like to play here. But I'm not always in front of those two devices and I want to be able to play where I want to go play on the device that I choose."