Microsoft Xbox E3 2018 press conference in 16 minutes

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The announcement games fans worldwide have been patiently waiting for finally came at the outset of Microsoft's 2018 E3 conference, as they gave a first glimpse at Halo: Infinite.

And yet, in spite of the 50 game trailers shown on-stage at the Microsoft Theater that included a new Halo game and Gears of War 5, there was something desperately missing: any mention of virtual reality.

So far details are scarce on the new title. Because of that, there was a focus on their premium subscription service Xbox Game Pass and which titles have been added to the growing library. Microsoft announced 50 games at its event, 18 of which were exclusive to the Xbox system.

Meanwhile, Microsoft is also working on a "cloud network" to stream console-quality gameplay to an array of Internet-linked devices including smartphones and tablets, according to Spencer.

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It's no secret that the American console family has always struggled to make a mark in Japan, with native developers seemingly treating the brand with a mix of confusion and indifference.

Spencer said the company was increasing its investments in existing game franchises and looking to create new ones. Fast Start is a new feature in the Xbox June Update which will help you launch select Xbox games up to two times faster. It did not reveal financial terms of the studio acquisitions. You can compete, make friends, or just take in the scenery together whenever you like. "We found innovative game designers, master storytellers and exceptional world builders". Spencer also announced the formation of The Initiative, a new Santa Monica-based studio headed up by Darrell Gallagher, former head of Crystal Dynamics. Microsoft Studios already contains groups like Halo-maker 343 Industries and the team behind Minecraft, which Microsoft acquired in 2014 for $2.5 billion.

For years, gamers and industry pundits have speculated that each console generation from Microsoft and Sony could be the last, as mobile gaming has surged and Microsoft has increasingly bridged its Windows PC and console gaming initiatives.