Yeah, we all know. Only thing is they've had time to create 1st party studios and build them up, but instead they looked for shortcuts to compete. Really have started 5 years ago. That would have given them enough time to really be built up for this coming gen.
I just sont trust phil Spencer man. I think he is a hack who has no idea how to be successful and compete. Instead of competing through innovation (always been a staple of the videogame industry), he prefers to ape other companies and industries (PC, Apple, and Netflix, especially) or make meaningless acquisitions that dont improve anything. Remember when he made a deal for PUBG, only for it to be obsolete within 6 months? Just dumb man.