Microsoft Gaming CEO Phil Spencer has suggested the Xbox company might not be finished buying game studios. Speaking to Squawk Asia, Spencer said Microsoft doesn’t have the luxury to be able to slow down due to the competitive nature of the gaming market. He pointed to some of the biggest companies in gaming, Tencent and Sony, who are bigger than Microsoft in games and continue to acquire and invest in more teams and content.
“This is such a competitive market. I don’t think we get to press pause on anything. Tencent is the largest gaming company on the planet today, and they continue to heavily invest in gaming content and game creators,” Spencer said. “Sony is a larger business than we are in gaming today, and they continue to invest. It’s a highly, highly competitive market. We strive to be a major player. We want to deliver great content for our players. And we’re going to remain active.”
$MSFT’s @XboxP3 talks #Tencent, #JRPG’s, and @discord – and explains why it’s not time to follow $SONY’s hike in prices. #Xbox #PlayStation pic.twitter.com/BCIY0wE8Gt
— Squawk Asia (@asiasquawkbox) September 16, 2022
