Microsoft’s (NASDAQ:MSFT) Xbox Games Showcase 2023 provided fans with a view into the future of the company’s gaming platforms, which include consoles and PC. MSFT also revealed highly awaited titles such as Starfield (which will be released on September 6), Senua’s Saga: Hellblade II, Forza Motorsport, and Avowed.

During the Xbox Games Showcase, 21 of the 27 projects showcased by Microsoft will be accessible for Xbox Game Pass.

All of the games shown off at the previous event will be accessible on PC as well as the powerful and affordable Xbox Series X and S consoles.

Upcoming Games to Help the Bottom Line

Xbox Game Studios has announced the release of Xbox-exclusive projects. These include Compulsion’s South of Midnight and inXile’s Clockwork Revolution.

Microsoft also shared information on the highly anticipated game Fable as well as insights into the future of the iconic Microsoft Flight Simulator brand. A startling revelation was also made with Sea of Thieves: The Legend of Monkey Island, much to everyone’s astonishment.

Activision Blizzard (NASDAQ:ATVI), Ubisoft Entertainment (OTC:UBSFY), and Electronic Arts (NASDAQ:EA) are all aiming to bolster Microsoft’s top-line performance.

Ubisoft Entertainment, a French video game publisher, is based in Saint-Mandé and has development studios worldwide. Far Cry 6, Assassin’s Creed Valhalla, and The Crew 2 are among Ubisoft’s future titles.

Activision Blizzard is a video game-holding corporation headquartered in Santa Monica, California. Diablo IV and Overwatch 2 are two of ATVI’s forthcoming games.

Electronic Arts is a video game company based in Redwood City, California. F123 and Immortals of Aveum are two future games by EA.

Microsoft’s Acquisition Strategy Will Increase Its Dominance

This company is developing an Xbox mobile store that will deliver games to mobile devices. Microsoft plans to acquire Activision Blizzard in order to expand its existing gaming community. It would propel Microsoft to the forefront of the gaming industry, which is why regulatory organizations are opposed to the purchase.

The Consensus Estimate for MSFT’s 2023 earnings is $9.65 per share, representing a 4.78% year-over-year increase. The consensus estimate for fourth-quarter 2023 revenues is $55.35 billion, representing a 6.73% year-over-year increase.

Microsoft anticipates Xbox content and services revenue growth in the low- to mid-teens for the fiscal fourth quarter, owing to third-party and first-party content, as well as Xbox Game Pass.

Microsoft stock has risen 38.4% year to date, compared to 32.4% gains in the Computer and Technology sector.

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