More Clues Shed on Collapse of Microsoft XBox
About an hour ago we added a handful of links about XBox, which mostly reword a paywalled article published in Bloomberg, where Jason Schreier (regarded as an XBox reporting veteran/guru, based on his accuracy's track record) said XBox mass layoffs, closures, cancellations and price hikes are - predictably - due to money problems. The first among the links stated: "Microsoft’s profit demands are partly to blame for a lot of the issues."
Profit?
Maybe not even that.
For many years XBox only amassed considerable debt and quarterly losses. Microsoft hid it by combining XBox with other products/items (in buckets or reporting units such as "entertainment") and, failing that, it bought a very large company and then rebranded its revenue "XBox" (because the real economic performance of XBox was down about 50% in just one single year).
It would be misleading to assert that Microsoft wants more "profit" out of XBox as that falsely suggests - or predicated upon the assumption - that XBox was (or is) profitable to begin with.
XBox is basically circling down the drain as Microsoft implements 2-3 waves of layoffs each month and debt continues to soar (in spite of these mass layoffs). █