Xbox boss Phil Spencer sat down with Joanna Stern to talk about price hikes, Game Pass, and the future of mobile gaming.
Xbox Game Pass is one of the best deals in gaming and, according to Xbox boss Phil Spencer, the service is already profitable despite the recent growth decline on consoles.Joanna Stern to talk all things Xbox at WSJ Live. During the conversation, the Microsoft executive said that he doesn’t expect Game Pass to make up more than 15% of Xbox’s revenue.
“Game Pass as an overall part of our content and services revenue is probably 15 percent. I don’t think it gets bigger than that. I think the overall revenue grows so 15 percent of a bigger number, but we don’t have this future where I think 50–70 percent of our revenue comes from subscriptions.
We’ve held price on our console, we’ve held price on games and our subscription. I don’t think we’ll be able to do that forever,” admits Spencer. “I do think at some point we’ll have to raise some prices on certain things, but going into this holiday we thought it was really important that we maintain the prices that we have.”
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