Microsoft Gaming CEO Phil Spencer revealed today that Xbox is looking to break into the handheld space, but its final product could be years away.

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,

Xbox executive Phil Spencer hinted at this possibility in an interview with Bloomberg that was published on Wednesday. As he put it, the "expectation is that [Xbox] would do something" in the handheld gaming market and the company is working on prototypes right now.

Hoping to get your hands on an Xbox handheld console? Well, the company says it's not launching any time soon.

Microsoft Gaming boss confirms future plans for a handheld Xbox, but why wait years for hardware when the experience is already here?

Microsoft CEO confirms development of handheld Xbox, still in prototype stage. (86 characters) Microsoft aims to replicate Nintendo's handheld success, learning from past failures. (85 characters) Introduction of handheld Xbox may expand market appeal,

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.

Microsoft is in a weird place with its current console offerings, but it looks like the company is planning to take launch a new Xbox handheld.