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TheStreet Open House

10 Technology Predictions for 2013

Stocks in this article: AAPL FB MSFT EBAY

Microsoft Makes Xbox 720

Microsoft's (MSFT - Get Report) Xbox 360 has been a huge hit since the Redmond, Wash.-based tech giant launched the gaming console in 2005. Though some Microsoft execs have said a new console won't come out for a few years, I believe that's a smoke screen.

Microsoft executive Shane Kim spoke about the Xbox 360 in 2009 and said the device could last as long as until 2015. A lot has changed in three years, and it's increasingly likely that Microsoft, along with Sony (SNE), will release new gaming consoles, as Nintendo (NTDOY) did earlier this year, with the Wii U.

It's unknown at this point what the device will look like, but it's a good bet it will offer many of the same great features that have made the Xbox 360 a success, including Xbox Live, and various content deals, with the likes of Netflix (NFLX) and Hulu.

I'd expect the next Xbox to be released somewhere around mid-November, just in time for the holiday shopping season.

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