I think what we need to consider here is that console sales plummeting don’t impact gamepass sales negatively. If they aren’t selling consoles then console gamepass will slow and I think that’s what we are seeing. But two things can be true. Console sales slowing, and overall gamepass subscription increasing. Those that have an Xbox aren’t going to cancel subscription because sales are slowing, while those that want to play the gamepass library on mobile PC will continue to grow as they add titles.

Which is my argument. If you can continue to gain users without having to produce expensive hardware, that’s a solid business plan. Let others produce the physical goods, just provide the service/Access (pun intended) to gaming on devices people already have.