Phil Spencer, the current CEO of Microsoft’s Xbox, has stated that he believes gaming is “somewhat resilient” to economic downturns. Despite being extremely successful in its own right, Xbox’s gaming ventures have also been hit by mounting economic difficulties, and the company appears to have adjusted its expectations for the upcoming fiscal year to account for these concerns.
As one of the three console gaming behemoths, Xbox has always been a major player in the gaming industry, and this is especially true now that the company has embraced its PC branch more than ever before. Its yet-to-be-completed acquisition of Activision Blizzard for $68.7 billion underscores the notion that Xbox is doing well, but it is unlikely to be fully ambivalent to the recession.
