Microsoft Says it Lost the Console War in New Statement to the FTC

Microsoft Says it Lost the Console War in New Statement to the FTC

As a part of Microsoft’s protection in opposition to an injunction by the Federal Commerce Fee in opposition to the corporate’s acquisition of Activision Blizzard, it has formally said that it “misplaced the console wars”.

“Xbox has misplaced the console wars, and its rivals are positioned to proceed to dominate,” mentioned Microsoft in its submitting, in accordance with The Verge.

Different paperwork shared by IGN reveal that Microsoft’s protection in opposition to the injunction revolves across the Xbox having the smallest market share of the three main console makers.

“Xbox’s console has persistently ranked third (of three) behind PlayStation and Nintendo in gross sales,” says the assertion. “In 2021, Xbox had a share of 16% whereas Nintendo and PlayStation had shares of [redacted] and [redacted], respectively.

“Likewise for console revenues and share of consoles at the moment in use by players (‘put in base’), Xbox trails with 21% whereas PlayStation and Nintendo have shares of [redacted] and [redacted], respectively.”

In its assertion, Microsoft is claiming that, as a result of it might probably’t make a revenue on {hardware} gross sales, it as an alternative hopes to subsidise the {hardware} and as an alternative attempt to earn a living via gross sales of video games and equipment. The corporate is hoping to battle off the FTC’s injunction since its deadline of July 18 may imply that Microsoft’s acquisition of Activision Blizzard may fall into renegotiations.

As a part of its injunction filed earlier this month, the FTC said that Microsoft’s actions after it acquired Bethesda and Zenimax are sufficient proof to oppose the corporate’s tried acquisition of Activision Blizzard.

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