Microsoft makes like $5-$9 billion *every year* guys. That's more in one year than Sony makes in like 20 years.
XBox is their only division outside of the software OS that's actually quite successful in marketshare and poised to be a leader.
Surface/Windows tablet, Windows Phone, their Facebook knock off, Bing, etc. are not even close, none of them have even 5% marketshare in any of their respective market.
If they're not going to spend money on the XBox division and taking control of the living room before Apple and Google get to it, exactly what are they going to spend their money on? Just sit on it, or spend $8 billion more on a company like Skype?
MS is going to back XBox Next massively. Taking a hardware loss for 2-3 years is no big deal, the next XBox likely will have a product cycle of 10 years, so it'll have plenty of time to return a profit on the back end. They just have to avoid doing something stupid like the RROD disaster and be more attentive to their hardware/heating issues.







