Phil Spencer blames capitalism for being bad at his job
(www.pcgamer.com)
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You bought all those studios, and recently a bunch more.
Are they making games?
Every time MS buys a studio, it's a countdown to a studio making nothing.
Being bought by MS is a death sentence. They either wind up making a spin off title for a franchise that hasn't seen the light of day in a decade that winds up sucking and the studio closes, or they make nothing, die off and have to close anyway.
I have yet to see an MS purchased studio make something outstanding and survive.
EA at least has the courtesy to kill a studio. MS keeps you around as a vestigial limb.