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Microsofts larger ambitions are quiet far from being realised, I'm not sure if we can extrapolate who will present a threat for them in future. For example MS has yet to meaningfully dive into VR space but doesn't mean that they won't.

"Microsoft feels its HoloLens development already checks the 'VR/AR R&D [research and development]' box for its company, and if it sees the consumer market take off, it can enter late, and still be very successful by leveraging both the Xbox and HoloLens together,"