I don't think people like this realize just how insanely difficult it'll be for Microsoft to buy up more of the industry going forward. It's like they ignore:
1: The THOUSANDS of people fired post-acquisition
2: The DROP in revenue by the acquired 3P post-acquisition (we've seen this already with ABK)
3: Point #2 contributing to a drop in overall market revenue
4: The closing of multiple studios post-acquisition
5: The anti-competitive foreclosure strategy mentioned in multiple internal memos, including a document of studios/publishers Microsoft intended to buy to foreclose on Sony in the gaming market (which includes 3P this person mentions in their own post!)
6: The arguments made by the CMA & EC WRT cloud gaming hang-ups
7: Microsoft themselves saying ABK was needed to make them competitive, insinuating to regulators that all they needed was ABK to be competitive in the console, mobile, and cloud spaces. AKA, they can't use that excuse anymore for another major publisher M&A now that they own both ABK & Zenimax
And that's not even getting into regulators being very concerned with a mega-conglomerate buying their way to a significant portion of the gaming market revenue, limiting variety/diversification in business strategies and funding routes for 3P who are consolidated under Microsoft's ownership. It doesn't matter if Xbox as a console still exists or not: the actual concerns about Microsoft consolidating the market were due to
Microsoft themselves as a corporation!
Also what makes this take of theirs even funnier, is them thinking that MS buying more publishers will "finally" get their gaming revenue ahead of SIE's. But that was the argument they were already making with ABK, and it hasn't happened yet with them. So why are they recycling this talking point again? It really doesn't matter if Microsoft promised to keep their games multiplat on Sony & Nintendo hardware in perpetuity; the more they'd buy, the more "just" Sony & Nintendo wouldn't be enough. They'd have to make that commitment to Amazon, to Tencent, to Google, to Meta, to Apple....did people forget that Microsoft's own statements painted their M&A gaming strategy as a way to "lock out" other Big Tech companies from getting into gaming? Did they forget that MS buying Zenimax was a big reason why Google folded with Stadia? That they've explicitly mentioned themselves as gatekeepers against other companies from getting into the core gaming space, with this M&A strategy as part of that?
That's why they were surprised & upset when Sony rejected early terms and challenged them on ABK. Microsoft probably thought they had Sony & Nintendo's support "in the bag" to pursue massive gaming M&As to shut out other Big Tech companies, while those internal memos showed that a big part of their strategy was to foreclose completely on Sony and destabilize Nintendo (via using 3P investor firms as proxies like ValueAct) along the way.
Thankfully, those plans got ruined, but I'm going to keep mentioning this when necessary because some people (either intentionally or not) want to memory-hole everything that got revealed during the past two years when it comes to Microsoft in gaming, and what their real intentions were with these acquisitions.
I'm not letting people play revisionists history that easily.
If they mean in terms of sales drop, I think that's more due to the pandemic ending and people returning to the office. Surface sales (and sales for a lot of computers/laptops honestly) were driven during the pandemic due to lockdowns and WFH growing significantly.