Sigh, in this topic people demonstrate an utter lack of business strategy knowledge.
Virtually all of the reason listed herein for NOT launching are actually reasons TO launch in 2012.
1. MS has previous discussed a concept they called forward compatibility, which means running ENHANCED versions of 360 games. COD and GTA could run at 1080P 60 fps with high AA, for example. All of the definitive versions of the fall 2012 would be on nextbox. Thus giving nextbox the greatest launch of all time. Not to mention, true version of Halo 4.
2. 360 selling well is actually incentive to launch now for multiple reasons - especially momentum and customer segmentation. Lack of price cut this year actually plays into this as well. Harvest profits this Holiday, announce nextbox, cut 360 price. NB locks in the early adopter core and 360 sells to casuals/price senstive consumers. It is all about locking customers into the Live ecosystem. Securing the core prior to PS4 launch is a vital component of this. MS actually has the opportunity to make both Nintendo and Sony completely irrelevant in the US (as in MS share greater than N+sony combined).
3. Finally, Win8 unified platforms. Balmer wants this and the potential synergy is enormous, especially as MS and Apple compete.
MS may not launch in 2012, but the only reason to not launch would be short term profitability. Long-term strategy supports 2012 as optimal launch.
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