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Satya Nadella Says Xbox Still Needs to Find a Sustainable Business Model
Description
Microsoft CEO Satya Nadella has weighed in on the ongoing changes at Xbox, saying he feels “fantastic” about the company’s studios and IP while praising the streamlining underway under Xbox CEO Asha Sharma.But Nadella also says Microsoft still needs to “invent the right sustainable business model” for gaming as Xbox goes through layoffs, restructuring and a broader strategic reset.That comes after Xbox disclosed it was operating at roughly a 3% accountability margin, while also revealing more than $20 billion in spending over the last five years excluding Activision Blizzard King as annual revenue declined by nearly $500 million.So what does all of this actually mean for Xbox, and where does Microsoft take the business from here?#xbox #microsoft #satyanadella #xboxnews #gaming