Microsoft had intended to unveil its next-generation Xbox console during the annual E3 conference this year according to a BGR source, but it now looks as though that won¡¯t happen ¡ª the company has gone on record in stating, ¡°we can confirm that there will be no talk of new Xbox hardware at E3 or anytime soon.¡± According to ¡°MS Nerd,¡± an insider with a good track record of leaking unannounced information regarding Microsoft¡¯s plans, the Redmond-based company is currently working on not one but two Xbox consoles that will launch in the coming years. Read on for more.

¡°My understanding is that we¡¯ll see a Xbox device in late 2013 which does Arcade-style games & all the current & future media apps with Kinect (with near-mode),¡± MS Nerd wrote on Reddit while fielding user-submitted questions. ¡°It will be an ARM-based platform price-competitive with the Apple TV (if you own a Kinect already).¡±

A low-cost Xbox gaming console that works alongside the company¡¯s popular Kinect motion and voice-based controller could better-position the company to combat the increasing popularity of casual mobile games while Microsoft continues to work on its Xbox 360 successor. Such a device could also feature deep Windows Phone integration.

¡°At some point after that, we¡¯ll see a Xbox Next, a true successor to the 360,¡± MS Nerd continued. ¡°Details about it are very hazy, except that, like the 360, it will do games for core-audiences & the same media apps as the other device, also with Kinect.¡± He goes on to state that the Kinect controller will likely receive a camera upgrade after the Xbox 360¡äs successor launches, and a new Kinect may debut around 2015.