Microsoft opened the first day of its court battle against the FTC today by claiming that it’s officially “lost the console wars”.
“Xbox’s console has consistently ranked third behindand Nintendo in sales,” documents read. “In 2021, Xbox had a share of 16% while Nintendo and PlayStation had shares of [redacted] and [redacted], respectively.
“Likewise for console revenues and share of consoles currently in use by gamers , Xbox trails with 21% while PlayStation and Nintendo have shares of [redacted] and [redacted], respectively.” Microsoft argues that it’s now “betting on a different strategy” by generating profit through game sales and accessories, rather than console sales.
The arguments were made as part of Microsoft’s defence against a preliminary injunction brought by the FTC, which is seeking to pause the Xbox firm’s proposedWitnesses for the
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Microsoft says 'we have lost the console wars' as FTC hearing gets underwayMicrosoft says it has 'lost the console wars' in a court filing ahead of its legal battle with US antitrust agency the …
Read more »
Keeping Bethesda games Microsoft exclusives 'powerful evidence' against Activision Blizzard takeover, says FTCMicrosoft's decision to keep Bethesda's games exclusive is 'powerful evidence' against its Activision Blizzard takeover bid, says FTC.
Read more »
Microsoft and Activision to face FTC challenge to $75bn deal\n\t\t\tExclusive scoops\n\t\t\tSmart data to help spot risk and opportunity\n\t\t\tAnalysis of broader trends in M&A\n\t\t\tLex, our agenda-setting business commentary (Premium only)\n\t\t\tDue Diligence, an exclusive M&A newsletter (Premium only)\n\t\t
Read more »
Xbox Game Pass and Xbox Series X price increases coming soonMicrosoft is increasing the price of Xbox Series X consoles and the monthly price of Xbox Game Pass and Xbox Game Pass Ultimate subscriptions soon
Read more »
Microsoft's next indie-focused ID@Xbox Showcase scheduled for JulyMicrosoft has announced its indie-focused IDXbox Showcase will return this July, coinciding with the launch of its ann…
Read more »
New weekly Xbox Game Pass Quests are now live for another 50 Microsoft Reward PointsThe new weekly Xbox Game Pass quests are now live. We've got the roundup of every quest on offer, how to complete them, and how many Microsoft Rewards Points you'll get for doing so.
Read more »