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The key question is how long Microsoft intends to have the Scorpio on the market.

If it's only presented as a premium version of the XO and slated to fade away in a few years then launching at a loss makes little sense. People who upgrade from the original would actually constitute a loss, as they're already part of the ecosystem.

If it's part of their no-more-generations thing, where they're looking at the long-tail of the Scorpio being their main machine on the market for at least four years then there is some merit to the idea that they'd push hard at first with a low price.