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Microsoft is reportedly planning to launch an Xbox next-generation handheld device for the holiday season of 2027, followed by an Xbox next-gen console codenamed Project Helix launching in the holiday season of 2028, according to Fortune on October 20, 2026. The Project Helix console is expected to carry a price range of $1,200 to $1,800 based on Microsoft's current projections, positioning it as a premium gaming system. The report does not clarify whether the handheld would be manufactured by Microsoft or a third party like Asus, though Microsoft has previously collaborated with Asus on the Xbox Ally device. The planned releases represent Microsoft's strategy to refresh its Xbox hardware lineup over consecutive years. These product plans indicate Microsoft's commitment to remaining competitive in the console gaming market through both portable and stationary gaming platforms.