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Total consumer spending hit $11.2bn (£8.52bn) between July and September

"The number one thing that's going to dictate how many consoles we sell is not the competition and it's not a Halo or a launch lineup. It's going to be how many units we can build."

Take-Two is due to purchase Codemasters in Q1 next year.

Some Xbox Series X consoles pre-ordered through Amazon may not arrive until December, the retailer has revealed.

Microsoft uses art installations and linked puzzle game to celebrate launch in lieu of the usual queues and fan events

In association with Virtuos we will reveal the greatest game makers on the planet

"I tried to sculpt the invisible mass in between the player and the mechanical engineering"

Microsoft is seeking to potentially expand its reach in Japan through studio acquisitions in the area

Publisher Take-Two is currently in talks with Codemasters, with the possibility that it may buy the Dirt and F1 publisher.