Microsoft (MSFT) is well known as one of the biggest technology companies in the world. It has its hands in everything from operating systems, office software, and cloud services. And while it isn’t necessarily some hidden play in the technology space, the moves the company is making in the video game market are incredible.
In recent months, Microsoft has earned the title “the Netflix of gaming.” Even though news outlets love to make these kinds of comparisons all the time, in this instance, it really is the case.
And it’s expected to fundamentally alter the video game market moving forward…
Over the past year, Microsoft has doubled down on video game cloud services. The company made a monthly subscription model that gives gamers access to more than 150 video game titles, including the company’s flagship games like Halo. And the library continues to grow.
While this was initially exclusive to those that owned the firm’s Xbox consoles, they’ve expanded the service to smartphones, tablets, desktops, and more.
This helped drive MSFT’s latest earnings per share ofo $1.95 compared to the estimated $1.78. It also helped fuel the company’s revenue of $41.7 billion, as the tech giant’s Xbox content and services revenue surged by 34%…
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