Could the Xbox Series S be MS entry into a Handheld Device

[Zippy6]

We will see handheld PC's with similar GPU power to a Series S soon with the Radeon 780m maybe it would be viable to release a $500 handheld with equivalent performance to the Series S by the end of 2024 but I don't think it's something Microsoft is going to do. Their gaming business is now on PC and Cloud they have less reason to make a Handheld now than they ever have in the past. Their are handheld devices already out there they can sell you their games and subscriptions on.

At this point I'd think they'd sooner abandon their hardware business all together than release a non-streaming handheld.