E3 2018: Microsoft looks past next-gen Xbox to cloud games

Phil Spencer, executive vice president of Gaming for Microsoft Corp., speaks during the company's Xbox event ahead of the E3 Electronic Entertainment Expo in Los Angeles, California, U.S., in Los Angeles, California, U.S., on Sunday, June 10, 2018. Xbox previewed a flurry of new titles and deals with studios as the video-gaming division of Microsoft looks to compete more intensely with Sony Corp.'s PlayStation and a resurgent Nintendo Co. Photographer: Patrick T. Fallon/Bloomberg

LOS ANGELES: The head of Xbox said Microsoft is hard at work on a next-generation console along with a cloud service that would let players stream games to any device. 

Microsoft is adding five new game studios, one it is creating in Southern California and another four it is buying, Xbox team chief Phil Spencer said.