Microsoft to Update Xbox Business Next Week, Introduce Exclusive Resources to Competing Game Consoles
Microsoft (MSFT.US) is set to provide an update on its Xbox business next week, with reports suggesting that the company may introduce exclusive resources to competing game consoles.
Phil Spencer, head of Microsoft’s video game business, announced that more information will be revealed about their plans in the coming week. This comes after earlier reports hinted that Microsoft would be introducing Xbox-exclusive games to competing consoles such as Sony’s PlayStation and Nintendo’s Switch.
“We’re listening, and we hear you,” said Spencer. “We’ve been planning a business update event next week, and we look forward to sharing more details with you about our vision for the future of Xbox. Stay tuned.”
According to XboxEra, Microsoft plans to release the role-playing game “Starfield,” developed by Bethesda Game Studio, on PlayStation 5. Additionally, reports suggest that Bethesda’s “Raiders of the Lost Ark” may also be launched on the PlayStation platform, with “Hi-Fi Rush” soon to be launched on non-Xbox platforms.
These reports have sparked mixed reactions, with some Xbox fans expressing concerns that the move could potentially erode the value of their consoles, affecting their future purchasing decisions.
Microsoft’s gaming business has recently faced turbulence as the company integrates Activision Blizzard (ATVI), which it acquired last October. Just two weeks ago, Microsoft announced the cutting of 1,900 jobs in its gaming division, many of them at the acquired companies. Last Monday, Xbox named Johanna Faries as the new president of Activision Blizzard, as part of Microsoft’s efforts to kick-start game sales growth.
As speculation continues to mount about the future of Xbox and its exclusive offerings, all eyes will be on Microsoft’s upcoming business update event.