Microsoft CEO has no plans to sell the Xbox business
"I have no intent to do anything different with Xbox than we are doing today," Nadella told reporters at the Code Conference in California this week, The Verge reports.
Following the announcement in August 2013 that then-Microsoft leader Steve Ballmer was to retire upon the appointment of a successor, it was speculated that the company may look to spin off the Xbox business, one of its lower-margin divisions that doesn't drive sales of its core business services and software, in order to unlock shareholder value.
Data compiled by Bloomberg at the time suggested Xbox may be worth at least $17 billion (£10.1b).
Nadella was appointed Microsoft's new CEO in February. He joined the company in 1992 and previously managed the Cloud and Enterprise group, one of its fastest growing sectors.
Microsoft reported in late April that Xbox One shipments totalled five million units, while Sony said last month that PS4 sales stood at seven million units as of April 6. Both platforms launched in November 2013.
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Related Forum: Xbox Forum
Source: http://www.computerandvideogames.com/465066/microsoft-ceo-has-no-plans-to-sell-the-xbox-business/
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CarlPosted:
If i was him i wouldnt sell it either. He is getting bank and could take xbox on a turn we wouldnt expect.
MissPosted:
I'm glad he doesn't. I want to see what he has to bring to Xbox in the future. Will he make it better or worse? That's what I'm looking forward to seeing.
TomorrowLandPosted:
BKR with eSports on how its going he would be suicidal to sell.eSports? Please. You REALLY think they even have a small thought of eSport when deciding wether to sell or not? Of course not. eSports is about 1 millionth of Xbox...
WheyPosted:
If they were to sell they would get "at least $17 billion". That is a huge amount of money.
Towards the end of it states that over 2 million more ps4s have been sold than the xbox one, however it is still profitable so they have done the right thing by not selling.
Towards the end of it states that over 2 million more ps4s have been sold than the xbox one, however it is still profitable so they have done the right thing by not selling.
nostrilPosted:
Not surprised. The Xbox business has been doing well with the business they have now.
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