Microsoft's Xbox chief lays out plan to pass rivals on margin by 2030 in memo to employees

Phil Spencer, head of Xbox at Microsoft, outlined plans in an internal memo to improve profit margins by 2030 through investment in the Minecraft franchise and expanded partnerships, including in China. The memo detailed the gaming unit's strategy to grow its business through these channels. Spencer did not specify the target margin percentage or timeline details in publicly available accounts of the memo.

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