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I think they could make a profit if MS acquired them. Xbox console sales in Japan would be boosted by a Sega acquisition for sure, especially if they marketed it as a Sega console. Xbox ecosystem is Xbox/PC/xCloud streaming, and xCloud has definite potential for success in Japan I think, Japan loves playing games on mobile, which xCloud allows. MS could do late Switch ports for all Sega and Atlus games if they needed a bit more money per game, MS doesn't see Nintendo as competition in the same way they see Playstation as competition.