In an article about video game console generations, Phil Spencer supported my theory that Microsoft will eventually stop making its own hardware.

Don't misunderstand this statement: I don't believe that Microsoft is exiting the video game market. Instead, I've stated in the past that its hardware failures combined with a growing prowess in cloud services lead to a natural conclusion: A coming Xbox generation will be services-based and hardware-agnostic, and Microsoft will stop making Xbox consoles over time.