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Microsoft Has No Plans To Sell Xbox
Despite investor criticism, Microsoft's CEO Satya Nadella says the company has no plans to sell off Xbox.
At the Code Conference in Rancho Palo Verde, California, Nadella told interviewers, "I have no intent to do anything different with Xbox than we are doing today," The Verge reports.
Nadella was promoted to Microsoft CEO back in February, where he told Microsoft employees, “While we have seen great success, we are hungry to do more. Our industry does not respect tradition — it only respects innovation.” Though he never made a statement or showed intention of selling Xbox, rumors appeared online, and investors didn't think it was a bad idea.
[Source: The Verge]
Our Take
Xbox is an important element of Microsoft's business model. It has certainly had its ups and downs, but I would be very surprised if Microsoft showed intention of selling it off. It's nice to get a concrete quote from Nadella confirming its continued importance to the company.
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