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A “slew of layoffs, price hikes and studio closures” for Microsoft’s Xbox “have led many to declare — not for the first time — that the Xbox is dead,” reports CNBC.
Or is it just changing its business model?
The company’s overall gaming revenue decreased 2% year-over-year, with a 29% dip in Xbox hardware sales, according to Microsoft’s first-quarter earnings for fiscal 2026. The broader console industry has been in a major slump, with hardware spending down 27%…
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A “slew of layoffs, price hikes and studio closures” for Microsoft’s Xbox “have led many to declare — not for the first time — that the Xbox is dead,” reports CNBC.
Or is it just changing its business model?
The company’s overall gaming revenue decreased 2% year-over-year, with a 29% dip in Xbox hardware sales, according to Microsoft’s first-quarter earnings for fiscal 2026. The broader console industry has been in a major slump, with hardware spending down 27%…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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