Xbox leaders call for "reset" after grim self-assessment

Xbox executives Asha Sharma and Matt Booty told employees the brand needs a wholesale "reset" after a brutal self-assessment. The division has a 3% profit margin, down year over year, and gaming revenues are down nearly $500 million compared to five years ago. The $69 billion Activision acquisition and other spending left Xbox "over extended" while franchises were underfunded.