Microsoft and Sony both are gearing up for their next-gen Xbox and PlayStation consoles, and the landscape is looking a lot different from yesteryear.
Xbox's hardware sales are down year-over-year to the tune of 42%, but their overall revenue is up 61%, thanks to strong software sales across its half a billion customers on all platforms. Over three quarters of industry spend is now on in-app purchases and microtransactions, on things like skins and battle passes, upending the way big platform holders are viewing growth long term.
