The French arm of Microsoft has stated that there will be no new Xbox 720 console released before the end of the year.



From Techradar:

The marketing director of Microsoft France, Cedrick Delmas says the Xbox 360's life-cycle is not over and that it has no intention of rushing out a competitor for the Nintendo Wii U in time for Christmas.When asked about the new Xbox for E3 rumors he told Lepoint.fr (translated): We're in an industry that talks a lot, that likes telling stories. I am not convinced that things will happen this year. The Xbox 360's cycle is not over at all. The proof is that we haven't price cut this year.

  Microsoft: No Xbox 720 release in 2012