Microsoft isn't making a profit with their new Xbox One X console

The project will be named from now on Xbox One X and it will cost $499, being the premium option available in the Xbox series.

Phil Spencer, head of Xbox, announced at E3 that every game created across the Xbox One family would play better on the Xbox One X. According to Spencer the new console will feature better textures, smoother frame rates and faster load times.

It's nothing new for the console business, to be certain.

Indeed. Much of the money that any platform holder makes is from software sales (that's why console games are more expensive than their counterparts on PC), and with Xbox One X this will be no different.

The Original Xbox Backwards Compatibility will launch later this year on Xbox One. Xbox One X will be offering 6 teraflops (trillion floating point operations per second), in comparison to only 4.2 offered by PS4 Pro.

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The fact that Microsoft is not making a profit on the Xbox One X now, however, could not be considered surprising at all.

When it comes to the central processing unit (CPU), the PlayStation 4 has a slight lag compared to the Xbox One X as well. "The majority of our consoles that are sold next year will be [Xbox One] S. That has always been the plan", Spencer said. Xbox 360 backward compatibility library now have close to 400 games, and it is getting bigger and better with each passing month.

Will you be picking one up later this year?

Spencer, however, refused to admit that Microsoft is selling each Xbox One X at a loss, clouding the profit margin that the company expects from what is described as "the world's most powerful console". He also said that he was spending a lot of time on Microsoft's first-party games, and that they've already "signed some things" that they haven't announced yet.

"I don't want to get into all the numbers", Spencer went on to say, "but in aggregate, you should think about the hardware part of the console business is not the money-making part of the business".

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