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Microsoft's Xbox Overhaul Eyes Double-Digit Margins Under New Leadership

Dow Jones Newswires Read original source (opens in a new tab)
The Story

News Summary

  • Xbox CEO Asha Sharma is overhauling Microsoft's $23 billion gaming business to lift profit margins from 3% to double digits.
  • Her turnaround strategy includes cutting 3,200 jobs, trimming game output, licensing intellectual property, and prioritizing high-return franchises like Minecraft and Halo.
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MSFT price history

495.63 +5.23% over the displayed period

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