"In overall, I think Xbox’s E3 2019 briefing was a rather solid press conference, but nothing spectacular was shown really. Nevertheless, the show made me hungry for more." - Brendon Morris, TGG.
Microsoft announced its financial results for Q3 of fiscal year 2026, including an update on its gaming Xbox business and more.
Not looking good. Hopefully Asha Sharma is able to turn Phil’s disaster around.
To me it's still quite remarkable how they can cash-in 5.3bn in revenue in a single quarter, since their hardware is basically dead.
The stock mark is what makes Microsoft remarkable, They have convinced every institutional and retail investor to just keep piling money into them. Like many big tech giants they are just a big growing pyramid scheme. As long as people keep dropping money into ETF's that cover the market Microsoft will always be liquid. At the same time it is completely stifling innovation and competition. People need to start being more discreet in how they invest their money as it's killing the system.
Riiiiight because people will just flock back to them for one or two games per year.
15+ years of bad performance is what they call irreparable in business. It is time for them to sell off the assets and get out of entertainment.
These declines are on the back of extra revenue received from releasing games like Forza horizon 5 on PlayStation. So I’m being sarcastic here when I said they should go back to exclusives. Killing off a revenue stream from Ps5 sales will only make things worse
TG writes: If you’ve ever wanted that chaotic, large-scale modern warfare feeling from Battlefield but in full VR immersion, Forefront delivers it better than anything else currently available on Quest.
I watched it and respectfully, I disagree. It wasn't solid. Microsoft needed to come out guns blazing with a whole bunch of AAA titles. Instead we got, Gears 5, Forza and Halo. I feel like you can say that every other year with Microsoft. The best thing they showed was Cyberpunk. I own all the systems and I really wanted Xbox to crush it. They didn't. Also Sony seemed to have stolen their thunder prior to E3 with the PS5 specs announcement. I guess I just expected more. It was quite underwhelming.