For anyone paying close attention to the growing handheld gaming field, you may have seen a rumor or two over the last year that Microsoft is supposedly working on an Xbox handheld. It would stand to reason the company would jump on the bandwagon after Steam and Asus blew the doors off with wild success,

Rumors have been flying all year that Xbox is working on a PC gaming handheld. On Wednesday, Microsoft Gaming CEO Phil Spencer confirmed that plans are underway, though it sounds like an actual portable device is still a few years out.

Xbox chief Phil Spencer said that the hardware team has created prototypes and is researching the market to solidify plans.

Phil Spencer just confirmed that Microsoft wants to release an Xbox handheld. He also said that the company is still working on an Xbox mobile store and exploring more studio acquisitions.