Console by making clip? (4)

I believe the answer is:

xbox

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'console' is the definition.
I know nothing about this answer so I can't judge whether this works.

'by making clip?' is the wordplay.
'by' becomes 'x' (multiplication sign).
'making clip?' becomes 'box' (I am not sure about this - if you are sure you should give a lot more credence to this answer).
'x'+'box'='XBOX'

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I've seen this clue in the Sydney Morning Herald.

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