It's official! Xbox has announced today that the next Xbox console has a codename of Project Helix, and as all the rumours had suggested, it will play both console and PC games when it launches in the future.

Microsoft's next-gen Xbox console comes into focus, as Asha Sharma re-affirms commitment to first-party hardware.

You will hear more about that soon; we'll have some announcements coming up. You will see us collectively investing here." Sharma added that Microsoft is aware that many of its players don't use PC or consoles to play Xbox games--Microsoft has invested heavily in cloud gaming over the years--and the company still wants to cater to them.

With Xbox has been releasing games on competing platforms for the past year, some gamers might be thinking this is a signal that the brand is moving away from the console business entirely. Thankfully,

New Microsoft Gaming CEO Asha Sharma wants to bring Xbox hardware back to the forefront of the company's core gaming strategy.