Microsoft Corp. this week announced the release of the latest Xbox Live Dashboard Update to Xbox 360 owners.

The update will be gradually deployed to subscribers in global regions over several weeks.

The latest Xbox Live Dashboard update includes new features like Internet Explorer for Xbox, Personalized Dashboard Recommendations, and Enhanced Category Search.

Microsoft in July recorded a 39 percent decline in Xbox 360 sales from the year prior to 1.1 million units in the fourth quarter. Xbox 360 hardware market share increased to 49 percent from 42 percent in the quarter.

The Entertainment and Devices division, which includes the Xbox business, climbed 19.4 percent year-over-year to $292 million.

Microsoft in Oct. price cut Xbox 360 consoles by $50 in a new holiday promotion initiative.

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