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Sales are just completely abysmal. I still think they should have tried putting more stock on shelf when they had the chance. Instead, they used up supply for xcloud and let Playstation run with it when to got their sh*t together. Maybe it wouldn't have mattered, we will never know, but it feels very stupid in hindsight and complete screw up from Phil Spencer.

https://www.windowscentral.com/gaming/xbox/it-seems-that-xbox-sacrificed-xbox-series-x-sales-to-build-cloud-gaming-servers