Xbox720

In the history of video games, the eighth generation is the current iteration of video game consoles, following the previous seventh generation: Nintendo's Wii, Sony's PlayStation 3, and Microsoft's Xbox 360. This currently includes Nintendo's home console successor, the Wii U, which was released in the fourth quarter of 2012. The PlayStation 4 was officially announced on February 20, 2013, and is anticipated for a Christmas release. The successor to the Xbox 360 (codenamed "Durango") is rumoured to be released in late 2013. Meanwhile, the multi-million dollar pre-sale success of Ouya through crowdfunding has raised open-source development and the free-to-play model as key issues to be addressed by 8th generation consoles.