“Necessary Decisions” Are Being Made to Reset Xbox for Long-Term Growth, Says Microsoft CEO
Microsoft CEO Satya Nadella stated that "necessary decisions" are being made to reset Xbox for long-term growth, citing a 10 percent revenue decline in the last quarter. The company plans to diversify its business across subscriptions, ads, and digital stores, and expand to new ecosystems. This strategy follows recent layoffs and the divestment of four studios: Compulsion Games, Double Fine Productions, Ninja Theory, and Undead Labs.
- Entities
- Company: Microsoft
- Topic: Revenue Decline
- Company: Ninja Theory
- Person: Satya Nadella
- Topic: Business Strategy
- Topic: Layoffs
- Company: Compulsion Games
- Company: Activision Blizzard
- Company: Undead Labs
- Company: Xbox
- Company: Double Fine Productions
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