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JRPGfan said:

How does hardware keep dropping ~30% quarter after quarter ?
like at some point, you expect it will stop declining, but it just keeps going.

Hypothetically, it dropping 30% year-on-year could keep continuing until there are 6 and then only 2 units being sold globally.

If we assume Xbox Next will release in Fall 2027, I literally can't imagine how hardware estimates will look like next year, let alone in 2027.

If everything turns out worst case, I think their remaining fiscal year revenues could even drop down to 16-18bn (from this year's record 23.5bn).

The worst case being their price bumps across their portfolios cause even more people to jump off.

Which I think this Q1 report is proof that the worst case scenario is indeed happening at the worst possible rate.