Phil Spencer
Coverage of Phil Spencer in the Nexus archive.
- How Xbox became the poster child for the video game industry's struggle
Microsoft is cutting 3,200 jobs from its Xbox business, with new CEO Asha Sharma stating the unit is 'not healthy.' The layoffs and divestitures follow failed growth strategies and rising costs in the video game industry, which analysts say are exacerbated by expensive game development and competition from mobile gaming.
- Microsoft reports sinking Xbox revenue as its cloud business climbs
Microsoft's Xbox hardware revenue fell by 33%, with a 5% drop in content and services, while cloud and productivity businesses drove overall revenue to $82.9 billion. The company also experienced executive turnover, including the retirement of Xbox chief Phil Spencer.
- Xbox CEO called Game Pass 'too expensive for players' in a leaked memo
Xbox CEO Phil Spencer criticized Game Pass pricing in a leaked memo, suggesting it's too expensive for players. The leak has sparked discussions about pricing strategies in the gaming industry.