Like Microsoft (MSFT) Xbox 360 Games? Don't Buy an Xbox One...
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Price: $372.97 +5.71%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1%
Revenue Growth %: +14.7%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1%
Revenue Growth %: +14.7%
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(Updated - May 21, 2013 3:40 PM EDT)
Microsoft (Nasdaq: MSFT) is seeing a little pressure Tuesday amid the unveiling of its latest gaming console: the Xbox One.
One of the potential reasons is that Microsoft is basically shunning the user base it built up over the years. How?
The Xbox One will not play Xbox 360 discs nor will Xbox Live Arcade games transfer over.
Things that will transfer include Gamerscore and users' Xbox Live Gamertag.
Due to the x86 infrastructure of the Xbox One, it wouldn't be possible to make it compatible with the older system.
One Microsoft rep told Engadget today, "We care very much about the investment people have made in Xbox 360 and will continue to support it with a pipeline of new games and new apps well into the future."
So, while you'll likely have to pay several hundred dollars for the next system, plan on spending a bit more to build up your content collection.
UPDATE: Microsoft said Xbox One will allow for trade-in or resale of games. That will likely ease some concerns about the system being incompatible with older titles.
Shares of Microsoft are off about 0.7 percent.
Microsoft (Nasdaq: MSFT) is seeing a little pressure Tuesday amid the unveiling of its latest gaming console: the Xbox One.
One of the potential reasons is that Microsoft is basically shunning the user base it built up over the years. How?
The Xbox One will not play Xbox 360 discs nor will Xbox Live Arcade games transfer over.
Things that will transfer include Gamerscore and users' Xbox Live Gamertag.
Due to the x86 infrastructure of the Xbox One, it wouldn't be possible to make it compatible with the older system.
One Microsoft rep told Engadget today, "We care very much about the investment people have made in Xbox 360 and will continue to support it with a pipeline of new games and new apps well into the future."
So, while you'll likely have to pay several hundred dollars for the next system, plan on spending a bit more to build up your content collection.
UPDATE: Microsoft said Xbox One will allow for trade-in or resale of games. That will likely ease some concerns about the system being incompatible with older titles.
Shares of Microsoft are off about 0.7 percent.
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