Microsoft has unveiled its newest game console, the Xbox One X. However, despite—or, perhaps, because of—its high price tag, the company is not making any profit from it yet, reports said.
Xbox One X costs $500, which is expensive compared to other game consoles. When asked if Microsoft is making money from each console sold, Xbox leader Phil Spencer told Business Insider, “No.” If the company is taking a loss, Spencer declined to provide details.
Ben Gilbert of Business Insider points on two main reasons that the Xbox One X console is expensive. For one, it boasts of powering 4K games, which means it uses high-end technology. Second, the game console is small “and small means custom,” Gilbert added.
Spencer said that Microsoft would be making money through selling games. Furthermore, Xbox One X may be expensive now, but its price would go down as the cost of developing one drop over time.
According to Mike Ybarra, Xbox’s Corporate Vice President, that value proposition of Xbox One X is great given all its features. It aims to cater high-end gamers who want an absolute best experience, particularly in playing true 4K, Ybarra told TechRadar. Microsoft also claims there’s no other console that can do what the Xbox One X can offer right now.
Ybarra added that it depends on what type of gamer you are. You can go with Xbox One S, which costs $249 to $299 and enjoy over a hundred games in 4K, HDR, and Dolby Atmos. If you’re using PC, it would cost around $1,500. “So that’s the point that I love to say, ‘What kind of gamer are you?’ and let you decide what’s best for you,” he said.
Microsoft unveiled the Xbox One X during the recent E3 event. The new game console will be launched on Nov. 7.
“People Mobil Herzogenrath” Was Created Through Crowdfunding
The application to “Aktion Mensch” was ultimately successful, which granted “People mobil Herzogenrath” €52,000, which could be used to order...
How the Fintech Sector in Mexico Developed
Mexico is experiencing substantial internal growth in its fintech sector, securing the position as the country with the second-highest number...
Why the Bank Liquidity Deficit Eases in Morocco
Last week's money market trends, as analyzed by BMCE Capital Global Research, revealed notable adjustments in both bank liquidity and...
Germany Plans to Legalize Home Cultivation and Possession of Cannabis as of April 1st, 2024
The legalization of cannabis is part of the government coalition agreement, made up of the three parties mentioned above. In...
Green Bonds and Energy Transition Create ESG Opportunities for Investors
ESG investing has experienced a recent slowdown in both market performance and assets under management. Notably, investments concentrated on pure...
Cannabis2 weeks ago
Why Does Poland Rely on Importing Medical Cannabis
Crowdfunding6 days ago
Yeldo Crowd Raises €2.5 Million for Affordable Housing Project in Monza
Crypto2 weeks ago
How Bitcoin Price Rally Boosts the Entire Crypto Industry
Impact Investing5 days ago
The Market for Smart Cities Is Worth €800 Million and Growing