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Phil Spencer has reportedly reassured employees Microsoft ‘won’t stop making Xbox consoles’
(www.videogameschronicle.com)
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Whenever a company addresses a something like this, like insisting a thing that is rumoured to be happening isn't happening, it is almost certainly happening.
To be fair, the rumor isn't that Microsoft is getting rid of consoles. The rumor is that they're making decisions that will, in a handful of years' time, almost certainly result of getting rid of their consoles.
So, the distinction is that they are getting rid of consoles... later? Wow, thanks. That was fair!
The distinction is that they're making a decision that will likely result in not making consoles anymore. It's like how governments don't decide to increase traffic; they decide to expand freeways to more lanes, but the only thing that can come from that is that they increased traffic. They think they're solving a problem, but they're actually, usually, making it worse by those actions that we have a historical record for how they play out.