These numbers are bad for a console that is still fairly new.
I have multiple theories why we are seeing these drops so early in Xbox life.
The pandemic boost is over for the Xbox so the demand return back to normal.
The pandemic boost accelerated/decreased the Xbox life expectancy..The pandemic boost brought in aot of new customers for Nintendo,PS5 and other markets(Crypto,stocks,), but for Xbox the boost just sped up the adoption rate of pre existing customers.So customers who would've brought Xbox in year 3 brought the Xbox in its first 18 month of its life. People misinterpreted this sped up adoption as Phil turning The Xbox around or Xbox is competitive again.
These numbers are awful
Phil Spencer is a dud.