BREAKING: Xbox is planning major layoffs next month, Bloomberg has learned, as new CEO Asha Sharma confronts a bleak picture and plans what she calls a "reset" of the business www.bloomberg.com/news/article...
Seeing a lot of misunderstanding about this. Profit margin is the percentage of revenue that is kept as profit. A 3% margin means that for every $100 you make, you're spending $97 and keeping $3.
Margins don't reflect how much money you're making; they reflect how efficient the business is.
There's a widespread misconception that Nintendo Directs killed E3. This is not true. What actually killed E3 was the industry's shift from physical to digital games. Here is a video about it www.youtube.com/watch?v=bnGr...
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