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aTokenYeti said:

I think the recent number should probably dispense with the notion that Xbox players don’t buy video games. If hardware can be down 30% but they are still posting the 2nd best Q3 ever, then content and services revenue most be really high. A lot of that is game pass subs, but I think a lot more of that is just people straight up buying games.

The thing is with the "second best Q3 ever" is that after 5 years of growth yoy every quarter, the decline this early in the gen is less good than it is being suggested. Big companies (heck, even countries) solely rely on continuious growth. And while it us good to see that the new 40 countries now accessing PC Game Pass will def help growth in services, the steep decline in hardware will probably continue to push MS to be more and more console agnostic (and, why not, start to sell GP subscriptions on Steam)