Categories AlphaGraphs, Technology

E3 2018: Microsoft announces Xbox upgrade, game-streaming service

Though primarily a show-off gala for game developers, this year’s Electronic Entertainment Expo (E3 2018) witnessed some interesting updates from Microsoft (MSFT), including an announcement that they are building a successor to Xbox One X. Meanwhile, rumors are making rounds that the tech giant will also announce a cheaper version of its Surface tablet.

Sending Xbox fans gung-ho, Microsoft unveiled 52 games at the E3 conference on Sunday, including 18 exclusive ones. The exclusive titles include major new iterations of Halo, Gears of War, and racing video game Forza Horizon 4. Other major titles announced at the gaming expo include Kingdom Hearts 3, Battlefield V, Fallout 76 and Devil May Cry 5.

Besides these, the Windows-maker said it would soon form a brand-new studio called The Initiative, by acquiring four content studios – Undead Labs, Compulsion Labs, PlayGround Games and Ninja Theory.

Microsoft Gaming Revenue Growth Trend

Netflix of gamers

Microsoft officially announced its plans to launch a game-streaming service that lets users play games online without the need for a disc. AlphaStreet had earlier reported on Microsoft’s intention to create a Netflix-model gaming service to fend off competition from Sony (SNE). Sony has a PlayStation Now streaming service at $19.99 a month.

In the recently completed third-quarter, Microsoft’s gaming revenue climbed 18% to $2.3 billion and its Xbox Live monthly active users grew 13% to 59 million.

Microsoft Xbox Live Monthly Active Users

It is expected that Microsoft will soon bring out a cheaper Surface tablet in the second half of 2018, to compete with Apple’s (AAPL) iPad. The new tablet is predicted to have a 10-inch screen, round edges and USB-C connectivity, and is expected to be 20% lighter than high-end models. It will feature Intel (INTC) processor and graphics chips, 64 or 128 GB storage models, Windows 10 Pro, LTE network, and will be priced at around $400, according to market observers.

Most Popular

Thermo Fisher Scientific (TMO) Q4 earnings drop despite higher revenues

Thermo Fisher Scientific Inc. (NYSE: TMO) announced fourth-quarter 2022 financial results, reporting a double-digit fall in adjusted earnings and an increase in revenues. Fourth-quarter revenues increased 7% annually to $11.5

Altria Group (MO) Q4 2022 Earnings: Key financials and quarterly highlights

Altria Group Inc. (NYSE: MO) reported fourth quarter 2022 earnings results today. Net revenues decreased 2.3% year-over-year to $6.1 billion. Net earnings attributable to Altria increased 65.6% to $2.6 billion

AMD Earnings: Advanced Micro Devices Q4 revenue up 16%, profit drops

Semiconductor company Advanced Micro Devices, Inc. (NASDAQ: AMD) reported a decline in fourth-quarter earnings, despite an increase in revenues. Earnings, excluding special items, dropped to $0.69 per share in the

Tags

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top