A new report on the Verge is claiming that the Xbox handheld console is toast. Or to quote directly, "it's essentially canceled". That initially seems confusing, after all hasn't the first Xbox handheld only just been announced?

About a month ago, images leaked of an Xbox-branded gaming handheld that looked a lot like an Asus ROG Ally. Now we know why. During a showcase livestream on Sunday, Microsoft's gaming division confirmed the device's existence in an official capacity.

ALLYourgames proclaims the first bit of marketing copy for the ROG Xbox Ally, the third-gen Asus handheld PC that’s also borrowing Microsoft’s Xbox brand. “This is an Xbox,” declares the very next line.