If Xbox fades away or gets sold off, it will be Phil Spencer's fault.
We forget that before he was in charge of the entire Xbox division, he was in charge of first party for years.
That means that their horrendous "franchise-based" first party studio model - Turn 10 makes Forza, Coalition makes Gears, 343 makes Halo - was Spencer's doing.
That's why they've died. They don't innovate, they don't do new things. 6-10 years ago, they made bank off Halo, Gears, and Forza... so they did in their heels on the franchises instead of the talent that made them.
Example 1:
Bungie made Halo, they left Microsoft - rumors are - because they wanted to do something besides Halo and MS wouldn't let them.
Now, Destiny's player base DWARFS Halo.
Imagine if Microsoft has let them make Destiny while they were in-house. Imagine if Destiny had been an Xbox exclusive.
Example 2:
Microsoft created Black Tusk, and started building out some new AAA IP. But when Spencer had the opportunity, he grabbed the Gears IP, then gutted whatever Black Tusk was doing (which, for all we know, could have been huge)... and now they just make Gears.
Meanwhile, most of the original people behind Gears - Epic and CliffyB - are all doing other things. They got Rob, but he, too, might be better utilized doing something new.
Summary:
Everyone's moved on except Microsoft.
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