Microsoft CEO confirms development of handheld Xbox, still in prototype stage. (86 characters) Microsoft aims to replicate Nintendo's handheld success, learning from past failures. (85 characters) Introduction of handheld Xbox may expand market appeal,

For anyone paying close attention to the growing handheld gaming field, you may have seen a rumor or two over the last year that Microsoft is supposedly working on an Xbox handheld. It would stand to reason the company would jump on the bandwagon after Steam and Asus blew the doors off with wild success,

Microsoft Gaming CEO Phil Spencer revealed today that Xbox is looking to break into the handheld space, but its final product could be years away.

Microsoft is in a weird place with its current console offerings, but it looks like the company is planning to take launch a new Xbox handheld.