Microsoft lost 64 cents for every dollar they invested
This is from Asha Sharma memo sent today. I think this deserves its own thread, not to be buried U Der studios talk.
“We now find ourselves competing not only with the largest publishers, but also with smaller independent studios,” says Sharma. “It is neither possible nor desirable to own every great independent studio. We have also learned that we are not the best home for every type of studio; in a typical year, we lost 64 cents for every dollar we invested. As we reset Xbox, we will help independent creators succeed by providing open development tools and audiences to realize their vision.”
No wonder they had to cut so much bloat, this was unattainable for any profit oriented company. I simply can't believe how much money they were losing for years.