Microsoft CEO Satya Nadella says he has no intention of selling the Xbox business.
"I have no intent to do anything different with Xbox than we are doing today," Nadella told reporters at the Code Conference in California this week, according to The Verge.
Following the announcement in August of last year that Microsoft CEO Steve Ballmer would retire as soon as a successor was named, speculation ran rampant that the company might consider spinning off the Xbox business. At the time Bloomberg estimated that the Xbox division may be worth at least $17 billion. Nadella was appointed Microsoft's new CEO in February of this year.
Microsoft reported in late April that Xbox One shipments totaled five million units, while Sony said last month that PS4 sales stood at seven million units as of April 6. Both platforms launched in November 2013.
Nadella said that Bing wouldn't be going anywhere either, adding that while some people might look at Bing only as a website, it has been deeply integrated with a number of Microsoft products. He also noted that it accounts for approximately 30 percent of the search market.