Credit: Ray Mickshaw/©2013 Fox Broadcasting Co.

Update (February 7, 2014):

It's official. Fox has decided to cancel The X Factor after three seasons. The network announced it's decision on February 7. Though the original X Factor has been a solid hit in the U.K. for years, the show never quite caught on when Simon Cowell tried to make the jump across the pond. All three seasons saw fairly low ratings, with this most recent season's numbers coming in particularly low.

"I've had a fantastic time over the last 12 years, both on The X Factor and American Idol," Simon said in a statement. "And apart from being lucky enough to find some amazing talent on the shows, I have always had an incredible welcome from the American public (most of the time!)."

Up next, the music mogul is heading back to his homeland. "Last year, for a number of reasons, I had to make a decision to return to the U.K. version of The X Factor in 2014. So for now, I'm back to the U.K. and I want to thank FOX for being an incredible partner and I also want to thank everybody who has supported my shows. America, I’ll see you soon!”

Are you surprised to see The X Factor get the axe? Or have you been expecting this for a while? Head below and share your thoughts.

Original story

On December 19, X Factor's Season 3 officially come to an end after months and months of shows. But did we witness more than a season finale? Was that the series finale of the show? After two successful seasons in the good ole USA, it looks like the show might now call it quits on this side of the Atlantic.

We know, shocking. The main problem? While The X Factor has a huge audience of dedicated super fans, it's up against some major competition, including NBC's The Voice and fellow Fox show American Idol.

"There are so many singing shows on right now. There's just too much of it," FOX's former reality chief Mike Darnell told TVLine earlier this year. "Your expectations have to be lowered."

The X Factor did do pretty well in ratings during the Season 2 finale (bringing in 8.3 million viewers) with Mike saying, "If its ratings stayed where they were at, we'd be very happy."

Unfortunately for X Factor, ratings are not its strong suit this year. The show's already plummeted to new lows with little sign of improvement and it's been completely squashed when pitted against competitor The Voice (a scheduling situation that, thankfully for X Factor, doesn't often happen).

A major tech glitch during the first week of America voting also knocked X on its rear and left fans wondering if the show is worth a three hour a week investment. Now, with just a few weeks to go until the mid-December finale, things aren't looking any better with the show hitting an all-time series low for the one-hour elimination episode aired Thanksgiving night. Guess turkey and gravy trumps Fox music competition series. The downward trend continued throughout December despite the much-hyped finale. Bummer, man. 

All told, things aren't looking promising that X Factor will be picked up again next year despite the A-list talent —  Demi Lovato, Simon Cowell, Paulina Rubio, and Kelly Rowland — on the judging panel and the headliners that frequently stop by for a guest performance. Plus, now that we know Dems for sure isn't coming back and Simon may also bow out from judging, things are looking even more bleak for the show. 

As if to add more evidence to the case not to bring back the show, The X Factor Season 3 finale saw a significant drop from last year's conclusion. How low was low? Prepare yourself for bad news. The chairmanof Fox already did.

What do you think? Are X Factor's days numbered or is Fox just holding off on the announcement? Share your thoughts in the comments below.

Source: TVLine