The video game console market "isn't growing," Microsoft Gaming CEO Phil Spencer said in a new interview, and that's part of the reason why you don't need an Xbox to play Xbox these days.

What you need to know Microsoft Gaming CEO Phil Spencer spoke with Bloomberg regarding the Xbox business, sharing details on a number of topics.Spencer says that Microsoft is keeping an eye on video game acquisitions that can "add to what we're trying to do" but that there's nothing "imminent" to expect.

The head of Xbox, Phil Spencer, has occasionally let slip that a portable Xbox console is a possibility, but now it is a reality, as he stressed in an interview with Bloomberg: “The expectation is that we would do something,” said Spencer, who at the same time added that any device is a few years away.