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If Microsoft really wanted to leave they would have done so after the first Xbox, which was a huge money sink. MS is kind of stuck with the brand because pulling out of the market isn't worth the PR hassle. Xbox isn't essential to MS's profit streams at all, but they have enough capital to keep it going. Xbox is just going to be spread over a multitude of devices, and that works for them.

If they won't pull out of phones completely, I can't imagine they'll abandon Xbox either. At least not for the next few years.

I am curious to know where people are getting this potential 50 million consoles sold lifetime though. They give us no numbers and I'm not sure if they've broken thirty yet.