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curl-6 said:

Gamepass is never going to become the "Netflix of gaming".

It's been 8 years now since the service launched, it's clear by this point that most of the gaming audience just isn't that interested in an expensive online rental service, especially for a moribund brand.

Gamepass also trained the Xbox player base to not actually buy games, undermining software sales.

I agree but its also relative. Selling 30-40m of a premium subscription service whilst also being the biggest publisher on Playstation and potentially the market as a whole, is maybe better than being the netflix of gaming. 

For sure with the Switch 2 added to the equation Xbox's future in terms of revenue is looking healthy. Will just take them a while to recoup their expenditure during this whole transition phase