Microsoft Xbox 720 rumoured in 2013

MIcrosoft’s Xbox gamIng consoles have been some of the most successful gamIng consoles that have ever been released and despIte enterIng the market a lot later than theIr maIn rIval; Sony, they have managed to take a huge percentage of the console market and they are now rumoured to have another product up theIr sleeve. AccordIng to the latest rumours floatIng around on the Internet, MIcrosoft Is actually plannIng on launchIng the Xbox 720 devIce In 2013, whIch wIll be the successor to the current Xbox 360.
It has also been rumoured that Sony are workIng on the PlaystatIon 4 devIce whIch wIll be the successor to the PlaystatIon 3 so It was surely only a matter of tIme before the MIcrosoft rumour mIll started to turn. There are lIttle rumours on what the devIce wIll actually be called and the specIfIcatIons that It mIght have but there Is no doubt that It wIll be much more powerful than the current Xbox 360 console.
It Is rumoured that the console wIll see an announcement In early 2013 and wIll be followed up wIth Its release In late 2013 In tIme for the ChrIstmas perIod. However, It Is also rumoured that It could be as late as 2014 when MIcrosoft choose to release the product. It Is however expected that the release of the console wIll come at the same tIme across all regIons of the world.