https://www.nytimes.com/2021/06/10/technology/xbox-games.html
Microsoft sees a future where gamers want software and services rather than spend hundreds on a console. Yes. This is why Sony are absolutely fucking hammering you in console sales – because you’re essentially saying “we surrender!” before the war has even begun.
Equally :

Yeeeeaas. I’m fully aware Microsoft presented it as an “entertainment device”. This, again, is why the PS4 totally destroyed the XBox One in sales – because some fucking overpaid dunce at the helm of Microsoft didn’t spot that gamers don’t actually want an “entertainment device” – they want a games console. And what you have them was a woefully underpowered gaming console with about 2 decent XBox exclusive titles.
How many XBox owners do we really think used their XBox to play their music and watch films on, and then “ooh, let me do a bit of gaming on it too now!”. How do you executive fucking clowns justify your exorbitant wages to make utterly clueless decisions like this?!