Microsoft Admits 'Xbox Has Lost The Console Wars' During FTC Court Hearing
Portfolio Pulse from Franca Quarneti
Microsoft has admitted in an FTC court hearing that it has lost the console wars to rivals Sony and Nintendo. The company has shifted its focus to delivering software and expanding its Game Pass subscription service, rather than competing for dominance in the console market.
June 23, 2023 | 6:01 pm
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POSITIVE IMPACT
Microsoft's admission of losing the console wars to Sony and Nintendo may boost Nintendo's position in the gaming market.
Microsoft's admission of losing the console wars to Sony and Nintendo may have a positive short-term impact on Nintendo's stock price, as it reinforces Nintendo's strong position in the gaming market and could potentially attract more investors.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Microsoft's admission of losing the console wars to Sony and Nintendo may boost Sony's position in the gaming market.
Microsoft's admission of losing the console wars to Sony and Nintendo may have a positive short-term impact on Sony's stock price, as it reinforces Sony's strong position in the gaming market and could potentially attract more investors.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
NEUTRAL IMPACT
Microsoft's acquisition of Activision Blizzard may be influenced by its shift in focus to software and Game Pass subscription service.
Microsoft's shift in focus to software and Game Pass subscription service may have an indirect impact on Activision Blizzard's stock price in the short term, as the acquisition could be influenced by Microsoft's new strategy. However, the direct impact of the news on ATVI is limited.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50
NEUTRAL IMPACT
Microsoft admits losing the console wars to Sony and Nintendo, shifting focus to software and Game Pass subscription service.
Microsoft's admission of losing the console wars may not have a significant short-term impact on its stock price, as the company has already shifted its focus to software and Game Pass subscription service, which could potentially generate more revenue.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100