If you’ve been reading gaming websites in the last couple weeks, you’ve no doubt seen the rampant rumors about Microsoft readying an Xbox 720 (a successor to Xbox 360) by the end of next year. But does that make any sense when Xbox 360 continues to sell so well Wedbush Securities analyst Michael Pachter says no.

In fact, Pachter thinks the rumors are off-base altogether and that what people are actually getting wind of is a new design for the existing Xbox 360.

“Those rumors are silly. Microsoft is still selling a ton of Xbox 360s, and they won’t replace the existing one until sales begin to slow. I think the rumors are based upon leaks about modifying the current Xbox 360 to allow it to operate Windows 8,” Pachter commented. “I fully expect a new model of Xbox 360 by holiday 2012, but don’t think we see a new console altogether from Microsoft until 2014.”

Source: IndustryGamers