The problem at this point is not so much that they don’t have games - they have released plenty in the past few years and most have been received positively.

The problem is that they released those games too late, and by that point, the ship had already sailed. After a streak of disappointing years with the XOne, they needed strong titles to pair up with XSeries. Instead, they released jack shit for an entire year, and after that the disappointment just grew further with the likes of Halo Infinite, Starfield and the weird vampire game nobody asked for.

By that point, everyone already got themselves a PS5, a Switch, a gaming PC or a handheld device. Xbox needed to show their fans they believed in their mission and were capable of delivering strong titles on their platform, but everyone saw their releases and said “Meh”.

The strong titles eventually came, but by that point they had already decided to port them over to the competition to offset the cost, and everyone saw the writing was on the wall for the platform.

Spencer can go on stage spewing whatever bullshit he wants, but nobody outside of the most diehard Xbox fans believe that the platform has a future - and it’s very hard to convince people to invest on your platform when it’s not certain how many more years it will be supported, and whether your store will remain accessible or shut down a few years down the line.