"Having had the privilege of attending the Electronic Entertainment Expo, as well as all three major press conferences held in conjunction with E3, for the first time this year, I think it’s my duty to inform you about just what it’s like walking through the hallowed halls of the Los Angeles Convention Center with the Future of Gaming all around you. It was, in a word, disillusioning."
Microsoft just posted the third quarter of its 2024 fiscal financial results. The software maker made $61.9 billion in revenue and a net income of $21.9 billion during Q3. Revenue is up 17 percent, and net income has increased by 20 percent.
Xbox content + services up 62% while hardware down 31%... seems about right with the way they tout you don't need the hardware to play. People can play on their phones or smart tv or other means. I don't hardly play on my consoles directly since getting devices like the logitech g-cloud and ps portal. Which is to also say I have been playing more digital than physical because of these devices.
Too expensive hardware when others offer the same or more for less? Good work, Green Team.
"Despite some early successes for Xbox games on rival platforms, Xbox hardware is down by a massive 31 percent this quarter."
"Without Activision Blizzard, Microsoft’s overall gaming revenue would have actually declined this quarter."
"Xbox content and services would have only been up a single percent without Activision Blizzard..."
"It looks like next quarter is going to be a similar story for gaming at Microsoft, too."
That is crazy... so A/B/K is carrying the whole Xbox gaming.
Oh and Microsoft will be fine. Windows, Office and Cloud are growing with each pc purchase.
As of right now, there are no monopolies in the games industry, and for the sake of the medium as a whole, they never should either.
And yet the biggest tech companies in America are essentially that. They buy up all the small comps only to kill them off and steal what they have, and if they can't buy em they bleed them to death.
They buy IPs not talent. That's why these buyouts never work and the IPs die. Right now it's too expensive to develop games - but I expect that to shift maybe as AI tools can make it easier. The best games have been indie games for awhile as big developers fuck their ips to death with "games as a service" -
GL compiles a list of some of the most mind-blowing video game narrative twists in recent memory, from The Last of Us to Outer Wilds
With articles like these cant you tag the games mentioned so that we can know ahead of time if there’s a spoiler to avoid?
Not clicking on your article otherwise.
Great Article and Might I add that you touched on just about every problem I had with E3 personally.
The 3 day format doesn't work and perhaps if they expanded to 4 days then everyone would be able to see everything on both sides of the convention.
The other issue is that Press and Fans are often fighting for spots in line just to see a trailer that was previously shown at conferences from earlier in the week. There are some exceptions when your able to have a brief gameplay session but still the lines are ridiculously long to begin with.
The 4 day format wouldn't solve EVERY problem with E3 but it would at least assure that media are able to have time to make appointments and actually see everything that the show has to offer without rushing.