00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Microsoft said Wednesday it will send video game developers prototypes of its next-generation
00:06Xbox console in 2027, according to CNBC. The console will feature a custom chip from advanced
00:13micro-devices designed to deliver large improvements in ray-tracing performance,
00:18graphics intelligence, and efficiency. Gaming generated just over 7% of Microsoft's revenue
00:23in the December quarter, while Xbox hardware revenue fell 32%. Xbox consoles have trailed
00:30sales of Nintendo and Sony alternatives since the Xbox Series X and Series S launched in 2020,
00:36while Asus released handheld Xbox-branded devices in the fall. Microsoft is pushing its gaming unit
00:42toward a 30% profit margin after laying off employees and canceling some game projects
00:47last year. For all things money, visit Benzinga.com.
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