Microsoft (NASDAQ:MSFT) is set to unveil its next video game console, and it could be taking a major step toward becoming a household entertainment staple. But there might not be as much room for consoles as there has been in the past.
The gaming industry is not the same as it once was. The lines that divide it from other areas of the entertainment industry and other device groups have been blurred, as capabilities in each area grow to encompass those of the other. Video game consoles are no longer limited in capability to only playing video games. While back in the days of Nintendo?s and Sega?s cartridge-based consoles, you couldn?t go sticking a VHS into the machines, nowadays consoles are allowing for far more interaction beyond just gaming.
NEW! Discover a new stock idea each week for less than the cost of 1 trade. CLICK HERE for your Weekly Stock Cheat Sheets NOW!The first Xbox was a foray into the world of video game consoles and general entertainment centers for Microsoft. The device could play games ? to the delight of gamers ? and it could play DVDs, to the delight of any gamers? family members that didn?t want to deal with swapping around cables in the back of their TV to watch a movie. It even managed to snag success in the face of competition from long-standing console-makers Nintendo and?Sony (NYSE:SNE). The Xbox 360 was an even bigger leap in the direction of a cross-bred entertainment device, with capabilities for video games, YouTube, NetFlix (NASDAQ:NFLX), and more ? with the unfortunate failure of HD DVD as a new standard being one of the bigger hiccups in the way of the Xbox?s move.
Source: http://wallstcheatsheet.com/stocks/can-microsofts-next-xbox-be-more-than-a-game-console.html/
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