Yes but how are you defining hardware here? I do not think, if they continue to produce hardware, it will at all resemble the traditional console experience of Xbox. I think we are more likely to see a mini-device either like a NUC PC or Stadia that utilises streaming of GP without a disc drive. Xbox can keep selling controllers, GP, games via digital storefront and gives an accessible piece of hardware that functions like the Series S in current market (low cost, "second TV" device for bedroom, kids, etc).