Microsoft’s lofty goals for Xbox profit are behind the price hikes and studio shutdowns

Pressure from Microsoft to achieve industry-topping profit margins has led to Xbox being butchered over the last two years, after not imposing specific targets on the gaming unit in the past. Citing sources with knowledge of internal matters, Bloomberg reports that Microsoft CFO Amy Hood set across-the-board targets of 30 percent profit margins in fallThe VergeRead More