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PixelPirate said:

But what if Xbox stops making hardware? Are we then streaming PC games on our devices of choice? I mean, developers must be developing for some kind of hardware right?

There's always going to be a market that prefers a plug-n-play solution rather than dealing with an expensive PC and having to troubleshoot, or deal with the frustrations of slow internet speeds since not everyone has access to fast internet. As long as that market is still there, there's going to be a console.