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LurkerJ said:

It reads like propaganda because you pre-emptively excluded Nintendo for all the wrongs reasons, this is probably because you know your inaccurate observations are only passable if you get to pick and choose the players you can apply your said observations to. 

While I have not been active online recently, last I checked, Nintendo is a publicly owned company with vicious shareholders like freaking Mohammad Bin Salman.

I know many are trying really hard to set the narrative that this is an industry wide problem when in reality, the biggest company in the world can play by a different set of rules if they want to, just like Nintendo does, but the truth is; this is MS just being MS. 

Now, do I believe that things are being blown out of proportion? Partly, yes, but the lack of "we are listening" tweets and the follow-up podcast by Phil Spencer makes me strongly suspect there is a lot more to come. He may have realised, organically, that he needs to talk less, but the timing is too convenient. Let's watch this space.

Thats where you are wrong. This is an Industry wide problem. Sony also lay off staff and shut down studios, they did so earlier this year. PS and Xbox report to Sony and MS. Nintendo are different because they are publicly owned. They all have shareholders, but Nintendo have more control on the outcome and aren't told how to manage their company by a parent company like PS and Xbox. Thats why Nintendo and Valve continue to dominate with little issue because of that point. 

If Nintendo was under let's say EA, then I would put them in the same situation because you can bet your ass that the parent company will tell Nintendo to shut down studios or lay off staff for that bottom line dollar. Thats the industry we are in, it is controlled by major corporations, and they want a return-on-investment a lot more.