​After a little more than a decade of gaming excellence, Microsoft's Xbox 360 has been handed its official death notice.

Microsoft announced in a company blog post that it will stop manufacturing the console, introduced in 2005, which entrenched the Xbox brand's place as a major player in video games. The console will no longer be available after stores around the world sell out their current stock — and availability in any one region will depend on how much stock a particular area has left.

While the 360 had a somewhat rocky debut due to early technical problems that presented many gamers with the dreaded "red ring of death" errors, Microsoft has sold at least 84 million units of the console as of June 2014. (After that, perhaps because of the Xbox One's 2013 debut, it stopped reporting Xbox 360 sales.)

The 360's rival, the PlayStation 3, has an official sales count of 83.8 million units, though the game industry sales website VGChartz puts the PS3 slightly ahead of the Xbox 360 in lifetime sales.

With this announcement, Microsoft seems to be shifting its focus more fully onto the Xbox One, which, as Yahoo Tech reported, could be getting an update as early as this year.Nearly all tech gadgets are replaced after a time, of course, and Microsoft was very clear about why it was time for the Xbox 360 to fade away.

"Xbox 360 means a lot to everyone in Microsoft. And while we've had an amazing run, the realities of manufacturing a product over a decade old are starting to creep up on us," wrote Phil Spencer, the head of Microsoft's Xbox division, in the post.

Spencer said in the post that Xbox 360 owners will continue to receive updates as usual, including for Xbox Live services for multiplayer gaming and parties, as well as any apps they've purchased.

Support servers will also remain online, and the company's support team will continue to service Xbox 360 consoles.As for games, players will still be able to access their purchased Xbox 360 games.

New games will only be sold as supplies last in stores.

The same is true for accessories — so if you need a new controller for your 360, now might be the time buy it.

Finally, many 360 games can also live on with the Xbox One at no additional cost, as Microsoft expands the newest console's backwards compatibility with older titles. So while the box itself may be going away, its legacy will live on — and continue to generate money for Microsoft in the process.Still, for gamers it is the end of an era.

It's sad news, but we all knew this day would come. My Xbox 360 has given me a lot of joy. To many great games to talk about: Halo series, Forza...
I'm still playing.

I bought a Xbox 360 for the sole purpose of playing Dead Rising. It's the only game I ever owned or played on it. I ended up picking up a Playstation 3 as well and gave my 360 to my parents, to replace their dead DVD player.

Just a few months ago, while visiting my parents, I noticed that they were still using it. I have no idea how in the world it hadn't red ringed. He fired it up, and I played Dead Rising on it for a bit. When I went to turn it off, I noticed that it looked a bit worse for wear. Upon further inspection, I realized that all the ventilation holes were completely blocked by dust. I was amazed it hadn't burst into flames (hah).