Xbox loses $100 to $200 every time a console is sold: CEO Phil Spencer

November 02, 2022 By Monica Green

(Image Credit Google)

Not everyone enjoys playing video games on a console like the Xbox. Of course, Microsoft wants to sell it to gamers and people who want to feel like kids at heart. In addition to being pricey, the addition of extra accessories like controllers makes it even more expensive. These make it understandable why console manufacturers occasionally make a loss rather than a profit, as was the case with the Redmond behemoth in this instance. For each console sold to customers, Xbox CEO Phil Spencer claims that the company loses up to $200. Xbox loses $100 to $200 every time a console is sold: CEO Phil Spencer

Xbox loses $100 to $200 every time a console is sold: CEO Phil Spencer

According to Xbox CEO Phil Spencer, every time a console is sold, the company loses between $100 and $200. Also Read: 7 Hidden Xbox Setting Options You Can Tweak to up Your Game During the Wall Street Journal TechLive event last week, according to Clutch Points, Spencer discussed the company's performance sales when it comes to Xbox sales. The Microsoft gaming president talked about how the business adjusts to price changes in the face of the recession. Regardless of whether it's an Xbox Series X or Xbox Series S, he continued, they lose between $100 and $200 on each Xbox console. In a WSJ interview, Spencer predicted that Microsoft would sell additional games and accessories to help offset its sales losses. Check Xbox One Console and Bundles 2022:

Check Xbox One Console and Bundles 2022:

It's true that the prices for Xbox consoles won't remain constant, but Spencer remained mum on any possible price changes. He did, however, add that because Sony had already done so with its $70 games, Microsoft would implement an increase in the price of the games. In addition to selling accessories to make up for the losses, Microsoft is hoping that its Xbox Game Pass will lessen the impact on its business. Before the year is out, the company is counting on a large number of gamers to continue using the service. In this way, however small, the $15 monthly subscription will be a great way to make up for the loss. Xbox plans to make changes to the business model, in the long run, to see what improvements can be made to increase console sales.

By Monica Green

I am specialised in latest tech and tech discoveries.

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