It’s had a long and varied life, but today Microsoft has announced that they will cease manufacturing the Xbox 360.

The announcement came from the Head of Xbox, Phil Spencer, via Xbox.com, in the news post he wrote that:

“The Xbox 360 helped redefine an entire generation of gaming at Microsoft. I am incredibly proud of all of the work and dedication that went into development of the Xbox 360 hardware, services and games portfolio over the last decade. And I’m grateful to the fans for their continued passion and support.

Franchises like Gears of War were born on the 360, and established blockbusters like Halo really came into their own during this console generation. Xbox 360 was also the foundation for industry-leading technical innovation like Kinect, and the start of system updates and dashboard refreshes based on fan feedback.

Thanks to the Xbox 360, we evolved Xbox Live from the original Xbox into the thriving online gaming community it is today. And the console became a beloved gaming and entertainment hub with over 78 billion gaming hours played, nearly 486 billion Gamerscore on 27 billion achievements and over 25 billion hours spent in apps over its lifetime.”

He also made it clear that due to ever growing pace of the video games industry “the realities of manufacturing a product over a decade old are starting to creep up on us”, hence their reason to shutdown it’s production. However he did mention that they will continue to sell existing accessories—depending on the country.

Also for those of you who just can’t let go of the memories, it’s worth keeping hold of your old Xbox 360 games as they are backwards compatible with the current Xbox One consoles.

We would like to personally say thank you to the Xbox 360, despite the constant threat of the 'red ring of death', you made us fall in love with games again and we’re forever grateful.