Microsoft wants Xbox 360 to be like the PS2

Microsoft Chief Financing Officer for Xbox Division Mindy Mount recently suggested that they want the Xbox 360 to follow in the footsteps of Sony‘s PlayStation 2 in terms of longevity and profitability.

While the average lifespan of a video game console is pegged at five years, the PS2 will soon be hitting its eight anniversary next year.The Xbox 360 was first introduced back in 2005. More about this report after the jump.

Microsoft Chief Financing Officer for Xbox Division Mindy Mount recently suggested that they want the Xbox 360 to follow in the footsteps of Sony‘s PlayStation 2 in terms of longevity and profitability.

While the average lifespan of a video game console is pegged at five years, the PS2 will soon be hitting its eight anniversary next year.

“Look at the PS2, they’ve gone long-time and seem to have pretty good legs on what they are doing. If we were able to do that, as CFO I think that’s great, because every year you draw it out you increase profitability,” added Mindy.

It was earlier announced by Sony that it will be releasing an even newer model of the sixth-generation console by early 2008. The official also explained that Microsoft is not in a hurry to launch a new console in the near future. The Xbox 360 was first introduced back in 2005.

It replaced the original Xbox that had a short four-year run. When asked why, Mount gave this answer:

At this point from the technological perspective, there are some real advances… that make it worth having a next-generation console. Right now there aren’t that many things on the horizon that you think, wow, that’s going to be a game-changer.

Via Reuters