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Microsoft releases the "world's most powerful console"

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Miguel A. Rodriguez
Miguel A. Rodriguez
10 November 2020
The latest Xbox models are already a hit among consumers

Earlier today, Microsoft launched some of the most expected devices this year – the two new Xbox gaming consoles.

After a seven-year break, the new consoles came in when the consumer is willing to spend more on games, given that he must stay indoors due to the pandemic. The two models are Xbox Series X and Series S.

Microsoft described the Xbox Series X as "the world's most powerful console, "and it will retail for $499.99, while Series S will be available for $299.99. Series S is already under scrutiny for being less powerful than its peer and having less storage capacity and lacking some specific graphics.

 For the first time, Microsoft launched its product worldwide on the same day. Moreover, it reported the largest number of preorders for a console.

Now, all eyes are on Sony, which is to launch PlayStation 5 on Thursday. The PS 5 is considered to be the only worthy opponent to compete with Xbox.

Despite the positive reaction from the consumers, the market reacted differently. After the news, Microsoft stock price fell 1.6%.

Sources: reuters.com, finance.yahoo.com

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.