Xbox chief Phil Spencer said that the hardware team has created prototypes and is researching the market to solidify plans.

Phil Spencer just confirmed that Microsoft wants to release an Xbox handheld. He also said that the company is still working on an Xbox mobile store and exploring more studio acquisitions.

Microsoft Gaming boss Phil Spencer has confirmed the company’s plan to release an Xbox handheld, but stressed it’s years away from release. In an interview with Bloomberg, Spencer said the “expectation is that we would do something” in the handheld game devices category,

Phil Spencer has officially confirmed that an Xbox handheld is in the works, but it's going to be quite some time before it sees the light of day.