There is going to be no new Xbox announcement in 2012! according to unnamed sources. Since they are currently making a profit of $115 on every $300 Xbox sold, there is no real reason to rush out a new console that will lose money the day it is launched. “They’re still selling a lot of Xbox 360, and they’re making money,” said Michael Pachter, an analyst at Wedbush Securities Inc.

David Dennis, a company spokesman, said earlier today that Microsoft won’t discuss new Xbox hardware at this year’s E3, quelling speculation that the device would be unveiled at the 2012 show. “There will be no talk of new Xbox hardware at E3 or anytime soon,” Dennis wrote today in an e-mailed statement. “For us, 2012 is all about Xbox 360.”

With tons of rumors flying around, like that the new xbox won’t have a disc drive, or that it won’t have a hard drive and work completely on cloud gaming, it is a surprise that they aren’t even going to consider an unveiling of even some basic structure of the inevitable system.