Microsoft seems to be much more focused on profits over hardware sold. If they wanted to sell hardware, they wouldn't have PC or Cloud Gamepass, nor would they buy a massive multiplatform Acti/Blizzard that's makes tons of profits selling on other hardware, nor would they have been interested in buying King. And if they can price Xbox's at a profitable point so they aren't selling for a loss, they will do that I think. It's all about profits.
I don't think they view the Xbox platform as a primary revenue stream. I think they are simply offering it to those who want it in order to increase profits. If people want to play Microsoft Studios games on PC, mobile, TV, or Nintendo devices, so be it.
Microsoft has found a way to profit. Nintendo had found a way to profit. The console wars are dead. Long live the profit wars.