Microsoft's FY27 Q1 results show Xbox revenue declining 2% year-on-year to $5.379 billion, with hardware sales plummeting 14% despite CEO Asha Sharma's insistence that console demand exceeds available supply. The company attributes ongoing shortages to AI-driven component hoarding and points to an expanded refurbishment program as part of its strategy to get more consoles into players' hands ahead of Grand Theft Auto 6's November launch.
Nintendo has officially set the price of the upcoming Switch 2 at $500, sparking mixed reactions among gamers and analysts alike. Despite the premium pricing, concerns over supply chain shortages persist, potentially impacting the console's launch success. The Switch 2 is slated for release on November 15th across North America and Europe.
The Steam Controller, available for barely a day, has sold out, surprising even Valve with its rapid sales. The company promises more stock is on the way, with a timeline update forthcoming. Despite initial confidence in supply, demand exceeded expectations, prompting Valve to address the shortfall.
A former Nintendo sales lead says a Switch 2 price hike is “inevitable,” with oil and helium costs stacking on top of tariffs and the AI-driven chip crunch.
