Microsoft (MSFT) announces new Xbox will only offer downloaded games

NASDAQ: MSFT | Microsoft Corporation News, Ratings, and Charts

MSFT – Microsoft Corp. is planning to sell an Xbox videogame machine that doesn’t use discs or cartridges, a first for a major console maker and a move that brings the industry a step closer to an all-digital, streaming future.

Microsoft Corp. is planning to sell an Xbox videogame machine that doesn’t use discs or cartridges, a first for a major console maker and a move that brings the industry a step closer to an all-digital, streaming future.The new device, due May 7, will have the same hardware specs as the lower-tier Xbox One S model — Microsoft MSFT, -0.23%   sells a higher-end Xbox One X — minus the slot for physical media. It will come with a terabyte of storage for downloading games and cost $249, about the price of a discounted Xbox One S model over the holiday season.

Fewer people are buying games at stores, putting the media on the same path as movies and music. Downloads are a boon for publishers, yielding fatter margins since they sidestep packaging and shipping, and giving retailers a cut of the profits. Electronic Arts Inc. EA, -4.11%   said 47% of console-game unit sales in 2018 were downloads, up from 37% a year earlier.

Downloads are seen as a stop along the way until people can just pick up a controller and start playing any game instantly. Alphabet Inc.’s GOOGL, +0.44%GOOG, -0.07%   Google in March introduced a Netflix-like service called Stadia that aims to let people stream games from web browsers, phones and other devices — no download required. Microsoft plans public testings of its own game-streaming initiative later this year.


Microsoft Corp. shares fell $0.16 (-0.13%) in after-hours trading Tuesday. Year-to-date, MSFT has gained 19.41%, versus a 16.61% rise in the benchmark S&P 500 index during the same period.

MSFT currently has a StockNews.com POWR Rating of A (Strong Buy), and is ranked #1 of 66 stocks in the Software – Application category.


This article is brought to you courtesy of MarketWatch.

Get Free Updates

Join thousands of investors who get the latest news, insights and top rated picks from StockNews.com!

Top Stories on StockNews.com

NYSE: TRV | The Travelers Companies, Inc. Common Stock News, Ratings, and Charts

Travelers Cos. (TRV) reports earnings, stock rallies

Travelers released quarterly earnings of $2.83 per share, beating the Zacks Consensus Estimate of $2.76 per share.
NASDAQ: INTC | Intel Corporation News, Ratings, and Charts

Why shares of Intel (INTC) might be a Buy

Intel Stock Is Ready to Rally
: gnln | Greenlane Holdings, Inc. - Class A Common Stock News, Ratings, and Charts

Greenlane Holdings (GNLN) just became the best US marijuana IPO on Nasdaq

Pulling off the feat was easier than you might think. Why?
NYSE: COP | ConocoPhillips Common Stock News, Ratings, and Charts

Should ConocoPhillips (COP) be on your list of stocks to buy?

This Oil Stock Gives Investors 1 More Great Reason to Buy.
NASDAQ: NFLX | Netflix, Inc. News, Ratings, and Charts

Should Netflix (NFLX) be on your list of stocks to buy?

Here's what the year 2024 could look like for the video streamer.

Read More Stories


More Microsoft Corporation (MSFT) News View All

Event/Date Symbol News Detail Start Price End Price Change POWR Rating
Loading, please wait...
View All MSFT News
Page generated in 1.0535 seconds.